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

Hudson Technologies (NASDAQ:HDSN) had its price target reduced by Canaccord Genuity Group from $8.00 to $6.25 in a research report sent to investors on Monday morning,Benzinga reports. Canaccord Genuity Group currently has a hold rating on the industrial products company’s stock.

Hudson Technologies Trading Up 0.3 %

NASDAQ HDSN opened at $6.07 on Monday. Hudson Technologies has a 1-year low of $5.17 and a 1-year high of $12.22. The firm’s fifty day simple moving average is $5.80 and its 200-day simple moving average is $6.57. The company has a market capitalization of $274.36 million, a PE ratio of 9.34, a price-to-earnings-growth ratio of 0.49 and a beta of 1.12.

Institutional Investors Weigh In On Hudson Technologies

Several institutional investors have recently made changes to their positions in HDSN. Creative Planning acquired a new position in Hudson Technologies in the third quarter worth approximately $106,000. Atria Investments Inc grew its position 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 worth $250,000 after acquiring an additional 5,823 shares in the last quarter. GSA Capital Partners LLP acquired a new position in shares of Hudson Technologies during the 3rd quarter worth $186,000. New South Capital Management Inc. raised its holdings in shares of Hudson Technologies by 2.1% during the 3rd 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 in the last quarter. Finally, Aigen Investment Management LP acquired a new stake in shares of Hudson Technologies in the 3rd 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.