Hudson Technologies (NASDAQ:HDSN) Lowered to “Neutral” Rating by B. Riley

B. Riley lowered shares of Hudson Technologies (NASDAQ:HDSN) from a buy rating to a neutral rating in a research note issued to investors on Wednesday morning, MarketBeat reports. They currently have $8.50 price objective on the industrial products company’s stock, down from their previous price objective of $10.00. B. Riley also issued estimates for Hudson Technologies’ FY2025 earnings at $0.69 EPS.

Separately, Craig Hallum cut their target price on Hudson Technologies from $13.00 to $10.00 and set a “buy” rating on the stock in a research report on Wednesday, August 7th. Three analysts have rated the stock with a hold rating and two have given a buy rating to the company’s stock. According to MarketBeat, Hudson Technologies presently has a consensus rating of “Hold” and a consensus target price of $10.30.

Hudson Technologies Stock Down 3.3 %

NASDAQ HDSN opened at $7.42 on Wednesday. The stock has a market cap of $337.76 million, a PE ratio of 9.64, a P/E/G ratio of 0.43 and a beta of 1.20. Hudson Technologies has a fifty-two week low of $6.94 and a fifty-two week high of $15.24. The business has a 50 day moving average price of $8.01 and a two-hundred day moving average price of $8.67.

Hudson Technologies (NASDAQ:HDSN) last released its quarterly earnings results on Tuesday, August 6th. The industrial products company reported $0.20 earnings per share for the quarter, missing analysts’ consensus estimates 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 prior year, the company earned $0.41 EPS. Sell-side analysts anticipate that Hudson Technologies will post 0.58 EPS for the current fiscal year.

Institutional Investors Weigh In On Hudson Technologies

Several institutional investors and hedge funds have recently made changes to their positions in HDSN. nVerses Capital LLC acquired a new stake in shares of Hudson Technologies during the 3rd quarter valued at approximately $28,000. Point72 DIFC Ltd acquired a new stake in shares of Hudson Technologies during the 2nd quarter valued at approximately $55,000. Quest Partners LLC raised its position in shares of Hudson Technologies by 121.5% during the 2nd quarter. Quest Partners LLC now owns 7,905 shares of the industrial products company’s stock valued at $69,000 after acquiring an additional 4,336 shares in the last quarter. Bleakley Financial Group LLC acquired a new stake in shares of Hudson Technologies during the 3rd quarter valued at approximately $96,000. Finally, Creative Planning acquired a new stake in shares of Hudson Technologies during the 3rd quarter valued at approximately $106,000. 71.34% of the stock is 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.