Hudson Technologies (NASDAQ:HDSN) Earns Neutral Rating from B. Riley

Hudson Technologies (NASDAQ:HDSN)‘s stock had its “neutral” rating reiterated by research analysts at B. Riley in a research note issued to investors on Tuesday, Benzinga reports. They currently have a $7.25 price target on the industrial products company’s stock, down from their previous price target of $8.50. B. Riley’s target price indicates a potential upside of 20.23% from the stock’s previous close.

Several other equities analysts have also weighed in on HDSN. Craig Hallum lowered Hudson Technologies from a “buy” rating to a “hold” rating and cut their price target for the company from $10.00 to $7.00 in a research note on Tuesday. Canaccord Genuity Group reduced their price target on Hudson Technologies from $8.75 to $8.00 and set a “hold” rating on the stock in a report on Tuesday. Finally, Roth Mkm downgraded shares of Hudson Technologies from a “buy” rating to a “neutral” rating and set a $7.00 price target for the company. in a report on Tuesday. Five equities research analysts have rated the stock with a hold rating, According to MarketBeat.com, the company has a consensus rating of “Hold” and a consensus price target of $7.85.

Hudson Technologies Trading Down 20.6 %

Shares of Hudson Technologies stock traded down $1.56 on Tuesday, hitting $6.03. 1,242,524 shares of the company traded hands, compared to its average volume of 459,672. Hudson Technologies has a 52 week low of $5.98 and a 52 week high of $15.24. The stock’s 50 day moving average price is $7.98 and its 200-day moving average price is $8.61. The company has a market cap of $274.49 million, a PE ratio of 7.82, a PEG ratio of 0.42 and a beta of 1.22.

Hudson Technologies (NASDAQ:HDSN) last issued its quarterly earnings data on Monday, November 4th. The industrial products company reported $0.17 EPS for the quarter, topping analysts’ consensus estimates of $0.16 by $0.01. Hudson Technologies had a net margin of 14.00% and a return on equity of 16.65%. The company had revenue of $61.94 million during the quarter, compared to the consensus estimate of $64.92 million. During the same quarter in the previous year, the firm posted $0.34 earnings per share. As a group, research analysts anticipate that Hudson Technologies will post 0.58 EPS for the current fiscal year.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently bought and sold shares of the stock. Koss Olinger Consulting LLC increased its stake in shares of Hudson Technologies by 3.6% during the third quarter. Koss Olinger Consulting LLC now owns 44,003 shares of the industrial products company’s stock worth $367,000 after buying an additional 1,513 shares during the period. Rhumbline Advisers grew its stake in Hudson Technologies by 2.6% during the 2nd quarter. Rhumbline Advisers now owns 70,982 shares of the industrial products company’s stock worth $624,000 after buying an additional 1,770 shares during the last quarter. Sequoia Financial Advisors LLC increased its position in Hudson Technologies by 20.2% during the second quarter. Sequoia Financial Advisors LLC now owns 13,700 shares of the industrial products company’s stock worth $120,000 after buying an additional 2,300 shares during the period. ClariVest Asset Management LLC lifted its stake in Hudson Technologies by 2.8% in the second quarter. ClariVest Asset Management LLC now owns 93,584 shares of the industrial products company’s stock valued at $823,000 after buying an additional 2,555 shares during the last quarter. Finally, Principal Financial Group Inc. grew its position in shares of Hudson Technologies by 10.3% during the second quarter. Principal Financial Group Inc. now owns 28,736 shares of the industrial products company’s stock worth $253,000 after acquiring an additional 2,673 shares during the last quarter. 71.34% of the stock is owned by institutional investors and hedge funds.

Hudson Technologies Company Profile

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.