B. Riley Lowers Hudson Technologies (NASDAQ:HDSN) to Neutral

Hudson Technologies (NASDAQ:HDSN) was downgraded by stock analysts at B. Riley from a “buy” rating to a “neutral” rating in a research note issued on Wednesday, Briefing.com reports. They presently have a $8.50 price objective on the industrial products company’s stock, down from their prior price objective of $10.00. B. Riley’s price objective indicates a potential upside of 6.78% from the stock’s current price.

Separately, Craig Hallum lowered their price target on Hudson Technologies from $13.00 to $10.00 and set a “buy” rating for the company in a research report on Wednesday, August 7th. Three research analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. According to MarketBeat, the stock currently has an average rating of “Hold” and an average target price of $10.30.

Hudson Technologies Trading Down 4.0 %

Shares of HDSN stock opened at $7.96 on Wednesday. The company’s fifty day moving average price is $8.03 and its 200-day moving average price is $8.69. The stock has a market cap of $362.27 million, a PE ratio of 8.12, a price-to-earnings-growth ratio of 0.46 and a beta of 1.20. Hudson Technologies has a 12 month low of $6.94 and a 12 month high of $15.24.

Hudson Technologies (NASDAQ:HDSN) last posted its quarterly earnings results on Tuesday, August 6th. The industrial products company reported $0.20 earnings per share for the quarter, missing the consensus estimate of $0.25 by ($0.05). The company had revenue of $75.28 million during the quarter, compared to analysts’ expectations of $78.63 million. Hudson Technologies had a return on equity of 16.65% and a net margin of 14.00%. During the same quarter in the previous year, the company earned $0.41 EPS. On average, sell-side analysts forecast that Hudson Technologies will post 0.58 earnings per share for the current fiscal year.

Institutional Trading of Hudson Technologies

Several institutional investors have recently added to or reduced their stakes in HDSN. nVerses Capital LLC bought a new position in shares of Hudson Technologies during the third quarter valued at $28,000. Point72 DIFC Ltd purchased a new position in Hudson Technologies in the 2nd quarter worth about $55,000. Quest Partners LLC raised its position in Hudson Technologies by 121.5% in the 2nd quarter. Quest Partners LLC now owns 7,905 shares of the industrial products company’s stock worth $69,000 after buying an additional 4,336 shares during the last quarter. Bleakley Financial Group LLC bought a new position in Hudson Technologies during the 3rd quarter valued at about $96,000. Finally, Creative Planning purchased a new stake in shares of Hudson Technologies during the 3rd quarter valued at about $106,000. 71.34% of the stock is currently owned by hedge funds and other 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.