Brokerages Set Hudson Technologies, Inc. (NASDAQ:HDSN) PT at $8.63

Shares of Hudson Technologies, Inc. (NASDAQ:HDSN) have earned an average rating of “Hold” from the seven analysts that are covering the company, MarketBeat.com reports. Four equities research analysts have rated the stock with a hold rating and three have given a buy rating to the company. The average 1-year target price among brokers that have issued a report on the stock in the last year is $8.6250.

HDSN has been the subject of a number of analyst reports. Canaccord Genuity Group raised Hudson Technologies from a “hold” rating to a “buy” rating and boosted their price objective for the stock from $6.75 to $10.50 in a research report on Thursday, July 31st. Wall Street Zen raised Hudson Technologies from a “buy” rating to a “strong-buy” rating in a research report on Monday, September 8th. Weiss Ratings reissued a “hold (c)” rating on shares of Hudson Technologies in a research report on Wednesday, October 8th. Finally, Zacks Research downgraded Hudson Technologies from a “strong-buy” rating to a “hold” rating in a research report on Monday, September 29th.

Hudson Technologies Price Performance

NASDAQ HDSN opened at $9.10 on Thursday. The company has a market cap of $397.40 million, a P/E ratio of 22.75 and a beta of 0.96. The stock has a 50-day moving average of $9.71 and a two-hundred day moving average of $8.26. Hudson Technologies has a 1-year low of $5.11 and a 1-year high of $10.52.

Hudson Technologies (NASDAQ:HDSN) last announced 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. Hudson Technologies had a return on equity of 7.26% and a net margin of 8.08%.The business had revenue of $72.85 million during the quarter, compared to the consensus estimate of $71.67 million. On average, analysts anticipate that Hudson Technologies will post 0.55 EPS for the current fiscal year.

Institutional Investors Weigh In On Hudson Technologies

Several institutional investors have recently added to or reduced their stakes in the business. Hartree Partners LP purchased a new stake in Hudson Technologies during the first quarter worth approximately $22,046,000. Westerly Capital Management LLC lifted its stake in Hudson Technologies by 63.3% during the second quarter. Westerly Capital Management LLC now owns 2,000,000 shares of the industrial products company’s stock worth $16,240,000 after purchasing an additional 775,000 shares during the last quarter. New South Capital Management Inc. lifted its stake 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 purchasing an additional 162,002 shares during the last quarter. Arrowstreet Capital Limited Partnership lifted its stake in Hudson Technologies by 102.9% during the second quarter. Arrowstreet Capital Limited Partnership now owns 1,111,803 shares of the industrial products company’s stock worth $9,028,000 after purchasing an additional 563,899 shares during the last quarter. Finally, American Century Companies Inc. lifted its stake in Hudson Technologies by 23.6% during the second quarter. American Century Companies Inc. now owns 1,072,754 shares of the industrial products company’s stock worth $8,711,000 after purchasing an additional 204,695 shares during the last quarter. 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.