Craig Hallum Cuts Hudson Technologies (NASDAQ:HDSN) Price Target to $13.00

Hudson Technologies (NASDAQ:HDSN) had its price objective reduced by Craig Hallum from $16.00 to $13.00 in a research report sent to investors on Thursday, Benzinga reports. They currently have a buy rating on the industrial products company’s stock.

Other research analysts have also issued research reports about the company. Canaccord Genuity Group lowered Hudson Technologies from a buy rating to a hold rating and cut their price target for the stock from $15.00 to $10.00 in a report on Thursday. B. Riley decreased their price objective on shares of Hudson Technologies from $17.00 to $16.00 and set a buy rating for the company in a research note on Thursday, March 7th. Roth Mkm lowered their target price on Hudson Technologies from $14.00 to $13.00 and set a buy rating on the stock in a research note on Wednesday. Finally, Canaccord Genuity Group restated a hold rating and set a $10.00 price target (down previously from $15.00) on shares of Hudson Technologies in a research report on Thursday. Three investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. According to data from MarketBeat.com, Hudson Technologies presently has a consensus rating of Moderate Buy and a consensus price target of $12.40.

Hudson Technologies Stock Performance

Shares of HDSN stock traded up $0.03 during trading hours on Thursday, hitting $9.13. 1,091,323 shares of the company were exchanged, compared to its average volume of 653,188. Hudson Technologies has a fifty-two week low of $7.21 and a fifty-two week high of $15.24. The company has a 50 day simple moving average of $11.48 and a two-hundred day simple moving average of $12.50. The firm has a market cap of $415.51 million, a P/E ratio of 9.32, a P/E/G ratio of 0.41 and a beta of 1.00.

Hudson Technologies (NASDAQ:HDSN) last posted its quarterly earnings results on Wednesday, May 1st. The industrial products company reported $0.20 earnings per share for the quarter, beating the consensus estimate of $0.19 by $0.01. The firm had revenue of $65.25 million during the quarter, compared to the consensus estimate of $63.04 million. Hudson Technologies had a net margin of 16.70% and a return on equity of 22.00%. During the same period in the previous year, the firm posted $0.33 earnings per share. As a group, sell-side analysts expect that Hudson Technologies will post 0.74 EPS for the current fiscal year.

Hedge Funds Weigh In On Hudson Technologies

Large investors have recently made changes to their positions in the stock. Tower Research Capital LLC TRC raised its stake in shares of Hudson Technologies by 417.4% during the 4th quarter. Tower Research Capital LLC TRC now owns 6,954 shares of the industrial products company’s stock valued at $94,000 after purchasing an additional 5,610 shares during the period. Sequoia Financial Advisors LLC purchased a new position in Hudson Technologies during the 1st quarter valued at about $126,000. Arizona State Retirement System bought a new stake in shares of Hudson Technologies during the fourth quarter valued at about $154,000. Paradice Investment Management LLC purchased a new stake in shares of Hudson Technologies in the fourth quarter worth about $154,000. Finally, Zurcher Kantonalbank Zurich Cantonalbank bought a new position in shares of Hudson Technologies in the fourth quarter valued at approximately $163,000. 71.34% of the stock is 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.