Hudson Technologies, Inc. (NASDAQ:HDSN) Given Average Recommendation of "Moderate Buy" by Brokerages

Hudson Technologies, Inc. (NASDAQ:HDSN - Get Free Report) has earned a consensus rating of "Moderate Buy" from the five analysts that are currently covering the firm, MarketBeat reports. Two research analysts have rated the stock with a hold recommendation and three have given a buy recommendation to the company. The average 1 year price objective among brokerages that have updated their coverage on the stock in the last year is $12.40.

Several brokerages recently issued reports on HDSN. Canaccord Genuity Group reaffirmed a "hold" rating and set a $10.00 target price (down from $15.00) on shares of Hudson Technologies in a research report on Thursday. Craig Hallum reduced their price objective on Hudson Technologies from $16.00 to $13.00 and set a "buy" rating for the company in a research note on Thursday. Roth Mkm reduced their price objective on Hudson Technologies from $14.00 to $13.00 and set a "buy" rating for the company in a research note on Wednesday. Canaccord Genuity Group cut Hudson Technologies from a "buy" rating to a "hold" rating and reduced their price objective for the stock from $15.00 to $10.00 in a research note on Thursday. Finally, B. Riley reduced their price objective on Hudson Technologies from $17.00 to $16.00 and set a "buy" rating for the company in a research note on Thursday, March 7th.

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of HDSN. Tower Research Capital LLC TRC raised its position in Hudson Technologies by 417.4% during the fourth quarter. Tower Research Capital LLC TRC now owns 6,954 shares of the industrial products company's stock valued at $94,000 after acquiring an additional 5,610 shares in the last quarter. Sequoia Financial Advisors LLC purchased a new position in Hudson Technologies during the first quarter valued at approximately $126,000. Arizona State Retirement System purchased a new position in Hudson Technologies during the fourth quarter valued at approximately $154,000. Paradice Investment Management LLC purchased a new position in Hudson Technologies during the fourth quarter valued at approximately $154,000. Finally, Zurcher Kantonalbank Zurich Cantonalbank acquired a new stake in Hudson Technologies in the fourth quarter valued at approximately $163,000. 71.34% of the stock is currently owned by hedge funds and other institutional investors.

Hudson Technologies Stock Performance

NASDAQ:HDSN traded down $0.70 during mid-day trading on Thursday, hitting $9.10. 3,553,604 shares of the company's stock traded hands, compared to its average volume of 502,045. The company has a fifty day moving average of $11.70 and a 200 day moving average of $12.55. Hudson Technologies has a twelve month low of $7.21 and a twelve month high of $15.24. The company has a market capitalization of $414.14 million, a P/E ratio of 8.04, a P/E/G ratio of 0.34 and a beta of 1.01.

Hudson Technologies (NASDAQ:HDSN - Get Free Report) last announced its earnings results on Wednesday, May 1st. The industrial products company reported $0.20 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.19 by $0.01. Hudson Technologies had a return on equity of 25.57% and a net margin of 18.08%. The company had revenue of $65.25 million for the quarter, compared to analyst estimates of $63.04 million. During the same period in the prior year, the company posted $0.33 EPS. On average, research analysts expect that Hudson Technologies will post 0.98 earnings per share for the current fiscal year.

About Hudson Technologies

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.