Hudson Technologies (NASDAQ:HDSN) Lowered to Hold Rating by Craig Hallum

Hudson Technologies (NASDAQ:HDSN) was downgraded by analysts at Craig Hallum from a “buy” rating to a “hold” rating in a research note issued to investors on Tuesday, Marketbeat.com reports. They currently have a $7.00 target price on the industrial products company’s stock, down from their prior target price of $10.00. Craig Hallum’s price objective would indicate a potential upside of 19.05% from the stock’s previous close.

Separately, B. Riley downgraded shares of Hudson Technologies from a “buy” rating to a “neutral” rating and cut their price target for the company from $10.00 to $8.50 in a report on Wednesday, October 30th. Six analysts have rated the stock with a hold rating, According to MarketBeat, the stock currently has an average rating of “Hold” and an average target price of $7.85.

Hudson Technologies Trading Down 0.7 %

Shares of NASDAQ:HDSN opened at $5.88 on Tuesday. The company has a market capitalization of $267.66 million, a price-to-earnings ratio of 9.05, a PEG ratio of 0.43 and a beta of 1.22. Hudson Technologies has a 12 month low of $5.35 and a 12 month high of $15.24. The firm’s 50-day moving average is $7.89 and its 200 day moving average is $8.56.

Hudson Technologies (NASDAQ:HDSN) last issued its quarterly earnings results on Monday, November 4th. The industrial products company reported $0.17 EPS for the quarter, beating the consensus estimate of $0.16 by $0.01. The company had revenue of $61.94 million for the quarter, compared to the consensus estimate of $64.92 million. Hudson Technologies had a net margin of 12.49% and a return on equity of 12.94%. During the same period in the prior year, the firm posted $0.34 EPS. As a group, equities analysts forecast that Hudson Technologies will post 0.58 EPS for the current fiscal year.

Hedge Funds Weigh In On Hudson Technologies

A number of hedge funds have recently added to or reduced their stakes in the stock. Seizert Capital Partners LLC grew its stake in Hudson Technologies by 56.1% in the 3rd quarter. Seizert Capital Partners LLC now owns 40,122 shares of the industrial products company’s stock worth $335,000 after acquiring an additional 14,422 shares in the last quarter. Aigen Investment Management LP bought a new position in Hudson Technologies in the 3rd quarter worth about $132,000. New South Capital Management Inc. lifted its position in shares of Hudson Technologies by 2.1% in the 3rd 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. GSA Capital Partners LLP purchased a new stake in shares of Hudson Technologies in the 3rd quarter worth approximately $186,000. Finally, Atria Investments Inc lifted its position in shares of Hudson Technologies by 24.1% in the 3rd quarter. Atria Investments Inc now owns 29,951 shares of the industrial products company’s stock worth $250,000 after purchasing an additional 5,823 shares during the period. 71.34% of the stock is currently owned by institutional investors.

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.