Hudson Technologies, Inc. (NASDAQ:HDSN) Receives Consensus Rating of “Hold” from Analysts

Shares of Hudson Technologies, Inc. (NASDAQ:HDSN) have been assigned a consensus recommendation of “Hold” from the five brokerages that are currently covering the company, MarketBeat Ratings reports. One investment analyst has rated the stock with a sell recommendation, two have assigned a hold recommendation and two have assigned a buy recommendation to the company. The average 1 year price target among brokers that have issued ratings on the stock in the last year is $8.62.

A number of equities analysts have weighed in on HDSN shares. Canaccord Genuity Group reduced their price target on Hudson Technologies from $9.00 to $8.00 and set a “buy” rating for the company in a research report on Thursday, August 6th. Weiss Ratings downgraded shares of Hudson Technologies from a “hold (c-)” rating to a “sell (d+)” rating in a report on Tuesday, August 11th.

Hudson Technologies Price Performance

HDSN opened at $5.15 on Thursday. The company has a market capitalization of $216.76 million, a price-to-earnings ratio of 25.75 and a beta of 0.83. The business’s 50-day moving average price is $5.45 and its two-hundred day moving average price is $5.68. Hudson Technologies has a 1 year low of $4.64 and a 1 year high of $9.65.

Hudson Technologies (NASDAQ:HDSN) last posted its quarterly earnings data on Wednesday, August 5th. The industrial products company reported $0.12 earnings per share for the quarter, missing the consensus estimate of $0.18 by ($0.06). The firm had revenue of $78.35 million for the quarter, compared to analyst estimates of $74.20 million. Hudson Technologies had a return on equity of 4.95% and a net margin of 3.51%. Sell-side analysts anticipate that Hudson Technologies will post 0.17 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other Hudson Technologies news, major shareholder Hartree Partners, Lp purchased 118,549 shares of the stock in a transaction on Thursday, September 24th. The shares were purchased at an average cost of $5.10 per share, for a total transaction of $604,599.90. Following the purchase, the insider owned 5,348,517 shares of the company’s stock, valued at approximately $27,277,436.70. This represents a 2.27% increase in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Insiders have acquired a total of 371,981 shares of company stock valued at $2,044,139 over the last ninety days. 1.90% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On Hudson Technologies

Several hedge funds have recently modified their holdings of HDSN. BlackRock Inc. bought a new position in Hudson Technologies during the second quarter worth about $16,303,000. Segall Bryant & Hamill LLC raised its stake in Hudson Technologies by 248.4% in the first quarter. Segall Bryant & Hamill LLC now owns 628,341 shares of the industrial products company’s stock valued at $3,695,000 after buying an additional 447,987 shares during the period. JB Capital Partners LP bought a new stake in Hudson Technologies in the second quarter valued at approximately $1,757,588. Ancora Advisors LLC acquired a new stake in shares of Hudson Technologies in the second quarter valued at approximately $1,741,000. Finally, Kerrisdale Advisers LLC lifted its position in shares of Hudson Technologies by 420.6% in the second quarter. Kerrisdale Advisers LLC now owns 299,976 shares of the industrial products company’s stock valued at $1,722,000 after buying an additional 242,354 shares during the last quarter. Institutional investors own 71.34% of the company’s stock.

Hudson Technologies Company Profile

Hudson Technologies, Inc is an environmental services company focused on refrigerant management and the development of solutions that support the transition away from ozone-depleting and high-global-warming-potential refrigerants. The company serves commercial, industrial, and refrigeration markets, helping customers manage refrigerants throughout their life cycle.

Its principal activities include the reclamation, recycling, and sale of used and recovered refrigerants; the distribution of virgin and reclaimed refrigerant products; and refrigerant management services.