Hudson Technologies (NASDAQ:HDSN) Raised to Strong-Buy at Wall Street Zen

Key Points

• Hudson Technologies has been upgraded from a "buy" to a "strong-buy" rating by Wall Street Zen, reflecting positive sentiment from analysts regarding the company’s performance.
• The stock saw a price target increase by B. Riley to $9.00 and by Canaccord Genuity Group to $10.50, with an overall consensus rating of "Moderate Buy" and a price target of $8.63.
• Hudson Technologies reported earnings of $0.23 per share for the last quarter, exceeding analyst estimates, and has a market capitalization of $445.43 million.

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

HDSN has been the subject of a number of other reports. B. Riley upgraded Hudson Technologies from a "neutral" rating to a "buy" rating and increased their price target for the stock from $7.50 to $9.00 in a report on Monday, June 16th. Canaccord Genuity Group upgraded Hudson Technologies from a "hold" rating to a "buy" rating and increased their price target for the stock from $6.75 to $10.50 in a report on Thursday, July 31st. Three investment analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company. According to data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and an average price target of $8.63.

Hudson Technologies Price Performance

NASDAQ HDSN traded down $0.15 on Monday, reaching $10.16. The company had a trading volume of 183,764 shares, compared to its average volume of 330,538. The firm has a market cap of $443.69 million, a price-to-earnings ratio of 25.40 and a beta of 0.97. Hudson Technologies has a fifty-two week low of $5.11 and a fifty-two week high of $10.45. The business has a 50 day moving average of $9.32 and a two-hundred day moving average of $7.57.

Hudson Technologies (NASDAQ:HDSN - Get Free Report) last issued its quarterly 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 firm had revenue of $72.85 million during the quarter, compared to the consensus estimate of $71.67 million. As a group, research analysts predict that Hudson Technologies will post 0.55 earnings per share for the current fiscal year.

Institutional Trading of Hudson Technologies

Large investors have recently made changes to their positions in the company. Wealth Enhancement Advisory Services LLC acquired a new stake in shares of Hudson Technologies in the 1st quarter valued at about $79,000. Sequoia Financial Advisors LLC raised its holdings in Hudson Technologies by 24.2% during the first quarter. Sequoia Financial Advisors LLC now owns 16,525 shares of the industrial products company's stock worth $102,000 after buying an additional 3,225 shares during the last quarter. GAMMA Investing LLC raised its holdings in Hudson Technologies by 111.8% during the first quarter. GAMMA Investing LLC now owns 4,970 shares of the industrial products company's stock worth $31,000 after buying an additional 2,624 shares during the last quarter. New South Capital Management Inc. raised its holdings in Hudson Technologies by 12.3% during the first quarter. New South Capital Management Inc. now owns 1,483,719 shares of the industrial products company's stock worth $9,155,000 after buying an additional 162,002 shares during the last quarter. Finally, Two Sigma Advisers LP boosted its stake in Hudson Technologies by 147.8% during the 4th quarter. Two Sigma Advisers LP now owns 234,400 shares of the industrial products company's stock valued at $1,308,000 after purchasing an additional 139,800 shares during the last quarter. 71.34% of the stock is currently owned by institutional investors and hedge funds.

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.