Hudson Technologies, Inc. (NASDAQ:HDSN) Receives $7.50 Average Target Price from Analysts

Shares of Hudson Technologies, Inc. (NASDAQ:HDSN) have been assigned a consensus recommendation of “Hold” from the six analysts that are currently covering the company, MarketBeat.com reports. Six equities research analysts have rated the stock with a hold recommendation. The average 1 year price target among analysts that have updated their coverage on the stock in the last year is $7.50.

Separately, Canaccord Genuity Group decreased their price objective on shares of Hudson Technologies from $8.00 to $6.25 and set a “hold” rating for the company in a report on Monday, March 10th.

Institutional Trading of Hudson Technologies

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

Hudson Technologies Trading Up 1.7 %

NASDAQ HDSN opened at $6.05 on Monday. Hudson Technologies has a 52 week low of $5.17 and a 52 week high of $12.22. The stock has a market cap of $273.45 million, a price-to-earnings ratio of 9.31, a price-to-earnings-growth ratio of 0.49 and a beta of 1.12. The company has a 50-day moving average price of $5.82 and a two-hundred day moving average price of $6.53.

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.