Hudson Technologies (NASDAQ:HDSN) Rating Lowered to "Buy" at Wall Street Zen

Key Points

• Hudson Technologies was downgraded by Wall Street Zen from a "strong-buy" to a "buy" rating, reflecting a more cautious outlook on the stock.
• The company reported earnings of $0.23 per share for the last quarter, which exceeded analysts' expectations of $0.15, indicating strong financial performance.
• As of now, Hudson Technologies has a consensus rating of "Hold" with a price target of $8.63, as assessed by multiple analysts.

Hudson Technologies (NASDAQ:HDSN - Get Free Report) was downgraded by research analysts at Wall Street Zen from a "strong-buy" rating to a "buy" rating in a report released on Saturday.

HDSN has been the subject of a number of other research reports. Weiss Ratings reaffirmed a "hold (c)" rating on shares of Hudson Technologies in a research note on Wednesday, October 8th. Zacks Research cut shares of Hudson Technologies from a "strong-buy" rating to a "hold" rating in a report on Monday, September 29th. Finally, Canaccord Genuity Group raised shares of Hudson Technologies from a "hold" rating to a "buy" rating and increased their target price for the stock from $6.75 to $10.50 in a report on Thursday, July 31st. Three research analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of "Hold" and a consensus price target of $8.63.

Hudson Technologies Stock Performance

HDSN opened at $9.51 on Friday. Hudson Technologies has a fifty-two week low of $5.11 and a fifty-two week high of $10.52. The company has a market capitalization of $415.30 million, a P/E ratio of 23.78 and a beta of 0.96. The stock has a fifty day moving average of $9.70 and a 200-day moving average of $8.32.

Hudson Technologies (NASDAQ:HDSN - Get Free Report) last posted its earnings results on Wednesday, July 30th. The industrial products company reported $0.23 earnings per share for the quarter, topping analysts' consensus estimates of $0.15 by $0.08. Hudson Technologies had a return on equity of 7.26% and a net margin of 8.08%.The company had revenue of $72.85 million during the quarter, compared to the consensus estimate of $71.67 million. On average, equities research analysts predict that Hudson Technologies will post 0.55 earnings per share for the current fiscal year.

Institutional Trading of Hudson Technologies

Several hedge funds and other institutional investors have recently made changes to their positions in the company. SG Americas Securities LLC bought a new stake in shares of Hudson Technologies during the third quarter worth about $115,000. North Star Investment Management Corp. grew its holdings in shares of Hudson Technologies by 3.7% during the third quarter. North Star Investment Management Corp. now owns 170,075 shares of the industrial products company's stock worth $1,689,000 after purchasing an additional 6,000 shares during the last quarter. Allspring Global Investments Holdings LLC bought a new stake in shares of Hudson Technologies during the third quarter worth about $1,704,000. CWM LLC grew its holdings in shares of Hudson Technologies by 13.7% during the third quarter. CWM LLC now owns 14,102 shares of the industrial products company's stock worth $140,000 after purchasing an additional 1,696 shares during the last quarter. Finally, Inspire Investing LLC bought a new stake in shares of Hudson Technologies during the third quarter worth about $461,000. 71.34% of the stock is currently owned by institutional investors.

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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