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 research note issued on Saturday.
Several other equities analysts have also recently commented on the stock. Canaccord Genuity Group upgraded shares of Hudson Technologies from a "hold" rating to a "buy" rating and boosted their price target for the company from $6.75 to $10.50 in a report on Thursday, July 31st. Craig Hallum upgraded shares of Hudson Technologies from a "hold" rating to a "buy" rating and set a $8.00 price target on the stock in a report on Thursday, May 8th. Finally, B. Riley upgraded shares of Hudson Technologies from a "neutral" rating to a "buy" rating and boosted their price target for the company from $7.50 to $9.00 in a report on Monday, June 16th. Three analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company. According to MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and a consensus target price of $8.63.
View Our Latest Analysis on Hudson Technologies
Hudson Technologies Price Performance
Hudson Technologies stock traded up $0.24 during midday trading on Friday, reaching $10.20. The stock had a trading volume of 238,412 shares, compared to its average volume of 460,837. The firm's fifty day simple moving average is $8.74 and its two-hundred day simple moving average is $7.19. Hudson Technologies has a twelve month low of $5.11 and a twelve month high of $10.27. The firm has a market cap of $445.41 million, a price-to-earnings ratio of 25.50, a PEG ratio of 0.71 and a beta of 0.96.
Hudson Technologies (NASDAQ:HDSN - Get Free Report) last posted its quarterly earnings data on Wednesday, July 30th. The industrial products company reported $0.23 EPS for the quarter, topping analysts' consensus estimates of $0.15 by $0.08. The firm had revenue of $72.85 million during the quarter, compared to analyst estimates of $71.67 million. Hudson Technologies had a net margin of 8.08% and a return on equity of 7.26%. As a group, sell-side analysts predict that Hudson Technologies will post 0.55 EPS for the current fiscal year.
Institutional Investors Weigh In On Hudson Technologies
Large investors have recently bought and sold shares of the business. GAMMA Investing LLC boosted its holdings in Hudson Technologies by 111.8% in the first 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. Tower Research Capital LLC TRC boosted its holdings in Hudson Technologies by 177.6% in the second quarter. Tower Research Capital LLC TRC now owns 8,715 shares of the industrial products company's stock worth $71,000 after purchasing an additional 5,576 shares in the last quarter. Quarry LP boosted its holdings in 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 purchasing an additional 4,165 shares in the last quarter. State of Wyoming bought a new stake in Hudson Technologies in the fourth quarter worth $53,000. Finally, ProShare Advisors LLC bought a new stake in Hudson Technologies in the fourth quarter worth $70,000. 71.34% of the stock is currently owned by institutional investors.
Hudson Technologies Company Profile
(
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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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