Hudson Technologies, Inc. (NASDAQ:HDSN) Given Consensus Recommendation of “Moderate Buy” by Analysts

Shares of Hudson Technologies, Inc. (NASDAQ:HDSN) have earned a consensus rating of “Moderate Buy” from the five analysts that are covering the company, Marketbeat Ratings reports. Two research analysts have rated the stock with a hold rating and three have issued a buy rating on the company. The average 1 year price objective among analysts that have issued ratings on the stock in the last year is $12.40.

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

Hudson Technologies Stock Down 8.8 %

Shares of NASDAQ HDSN traded down $0.86 during midday trading on Thursday, reaching $8.94. The company had a trading volume of 2,307,781 shares, compared to its average volume of 486,831. Hudson Technologies has a one year low of $7.21 and a one year high of $15.24. The stock has a market cap of $406.86 million, a PE ratio of 8.04, a price-to-earnings-growth ratio of 0.34 and a beta of 1.01. The firm’s fifty day moving average price is $11.70 and its 200-day moving average price is $12.55.

Hudson Technologies (NASDAQ:HDSN) last released its quarterly earnings data on Wednesday, May 1st. The industrial products company reported $0.20 earnings per share for the quarter, topping the consensus estimate of $0.19 by $0.01. The business had revenue of $65.25 million during the quarter, compared to analysts’ expectations of $63.04 million. Hudson Technologies had a return on equity of 25.57% and a net margin of 18.08%. During the same quarter last year, the business posted $0.33 EPS. As a group, equities research analysts expect that Hudson Technologies will post 0.98 EPS for the current year.

Institutional Inflows and Outflows

Several institutional investors have recently added to or reduced their stakes in HDSN. Janney Montgomery Scott LLC increased its holdings in Hudson Technologies by 22.5% in the 1st quarter. Janney Montgomery Scott LLC now owns 74,836 shares of the industrial products company’s stock valued at $824,000 after acquiring an additional 13,732 shares during the last quarter. BNP Paribas Financial Markets grew its position in shares of Hudson Technologies by 37.3% during the first quarter. BNP Paribas Financial Markets now owns 21,704 shares of the industrial products company’s stock valued at $239,000 after purchasing an additional 5,894 shares in the last quarter. Peterson Wealth Services increased its holdings in shares of Hudson Technologies by 196.6% in the first quarter. Peterson Wealth Services now owns 45,577 shares of the industrial products company’s stock worth $502,000 after purchasing an additional 30,213 shares during the last quarter. Sequoia Financial Advisors LLC purchased a new stake in shares of Hudson Technologies in the first quarter worth about $126,000. Finally, Principal Financial Group Inc. bought a new position in Hudson Technologies during the first quarter valued at approximately $287,000. 71.34% of the stock is currently owned by institutional investors.

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.