Hudson Technologies, Inc. (NASDAQ:HDSN) Receives Consensus Rating of "Hold" from Brokerages

Shares of Hudson Technologies, Inc. (NASDAQ:HDSN - Get Free Report) have earned a consensus rating of "Hold" from the six brokerages that are currently covering the stock, Marketbeat reports. Six investment analysts have rated the stock with a hold recommendation. The average 12 month price objective among brokerages that have issued a report on the stock in the last year is $7.50.

Separately, Canaccord Genuity Group cut their price objective on Hudson Technologies from $8.00 to $6.25 and set a "hold" rating for the company in a report on Monday, March 10th.

Hudson Technologies Stock Up 3.2 %

Shares of NASDAQ HDSN opened at $6.43 on Tuesday. The company has a market cap of $283.08 million, a PE ratio of 9.89, a PEG ratio of 0.49 and a beta of 1.03. The firm's 50-day moving average price is $5.80 and its 200-day moving average price is $6.03. Hudson Technologies has a 52-week low of $5.11 and a 52-week high of $10.69.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently modified their holdings of the business. GAMMA Investing LLC increased its stake in shares of Hudson Technologies by 111.8% in the 1st quarter. GAMMA Investing LLC now owns 4,970 shares of the industrial products company's stock worth $31,000 after purchasing an additional 2,624 shares in the last quarter. Quarry LP raised its stake in shares of Hudson Technologies by 89.1% in the fourth quarter. Quarry LP now owns 8,840 shares of the industrial products company's stock worth $49,000 after buying an additional 4,165 shares during the period. State of Wyoming bought a new position in shares of Hudson Technologies in the fourth quarter worth about $53,000. RPO LLC bought a new position in shares of Hudson Technologies in the fourth quarter worth about $62,000. Finally, ProShare Advisors LLC purchased a new position in shares of Hudson Technologies during the 4th quarter valued at about $70,000. Hedge funds and other institutional investors own 71.34% of the company's stock.

Hudson Technologies Company Profile

Hudson Technologies, Inc, through its subsidiary, Hudson Technologies Company, engages in the provision of solutions to recurring problems within the refrigeration industry in the United States. The company engages in the sale of refrigerant and industrial gas; provision of refrigerant management services consisting primarily of reclamation of refrigerants, re-usable cylinder refurbishment, and hydrostatic testing services; and RefrigerantSide services comprising system decontamination and recovery to remove moisture, oils, and other contaminants.

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