Canaccord Genuity Group Cuts Hudson Technologies (NASDAQ:HDSN) Price Target to $6.25

Hudson Technologies (NASDAQ:HDSN) had its price target lowered by investment analysts at Canaccord Genuity Group from $8.00 to $6.25 in a report released on Monday,Benzinga reports. The firm currently has a “hold” rating on the industrial products company’s stock. Canaccord Genuity Group’s target price indicates a potential upside of 8.60% from the company’s current price.

Hudson Technologies Price Performance

Shares of HDSN stock traded down $0.05 on Monday, hitting $5.76. 203,971 shares of the company’s stock were exchanged, compared to its average volume of 498,712. The company has a 50 day moving average of $5.79 and a 200 day moving average of $6.61. The stock has a market cap of $260.12 million, a P/E ratio of 8.83, a price-to-earnings-growth ratio of 0.49 and a beta of 1.12. Hudson Technologies has a 12 month low of $5.17 and a 12 month high of $12.22.

Institutional Investors Weigh In On Hudson Technologies

Hedge funds have recently added to or reduced their stakes in the business. Creative Planning bought a new stake in Hudson Technologies in the third quarter valued at approximately $106,000. Atria Investments Inc grew its stake in Hudson Technologies by 24.1% in the third quarter. Atria Investments Inc now owns 29,951 shares of the industrial products company’s stock valued at $250,000 after acquiring an additional 5,823 shares during the period. GSA Capital Partners LLP bought a new stake in shares of Hudson Technologies during the third quarter valued at approximately $186,000. New South Capital Management Inc. raised its position in shares of Hudson Technologies by 2.1% during the third quarter. New South Capital Management Inc. now owns 1,343,172 shares of the industrial products company’s stock worth $11,202,000 after purchasing an additional 27,576 shares during the period. Finally, Aigen Investment Management LP bought a new position in shares of Hudson Technologies in the third quarter valued at $132,000. 71.34% of the stock is currently owned by institutional investors and hedge funds.

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.