DORCHESTER WEALTH MANAGEMENT Co Makes New Investment in Hudson Technologies, Inc. (NASDAQ:HDSN)

DORCHESTER WEALTH MANAGEMENT Co acquired a new position in Hudson Technologies, Inc. (NASDAQ:HDSN) in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor acquired 12,850 shares of the industrial products company’s stock, valued at approximately $72,000.

Several other institutional investors have also added to or reduced their stakes in the stock. Ieq Capital LLC bought a new position in Hudson Technologies in the 4th quarter worth $91,000. Rhumbline Advisers raised its holdings in Hudson Technologies by 3.9% in the 4th quarter. Rhumbline Advisers now owns 69,541 shares of the industrial products company’s stock worth $388,000 after purchasing an additional 2,601 shares in the last quarter. Exchange Traded Concepts LLC raised its holdings in Hudson Technologies by 50.5% in the 4th quarter. Exchange Traded Concepts LLC now owns 54,682 shares of the industrial products company’s stock worth $305,000 after purchasing an additional 18,344 shares in the last quarter. SG Americas Securities LLC raised its holdings in Hudson Technologies by 48.1% in the 4th quarter. SG Americas Securities LLC now owns 28,681 shares of the industrial products company’s stock worth $160,000 after purchasing an additional 9,319 shares in the last quarter. Finally, Wedge Capital Management L L P NC bought a new position in Hudson Technologies in the 4th quarter worth $1,612,000. 71.34% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

Several brokerages have commented on HDSN. Roth Mkm lowered shares of Hudson Technologies from a “buy” rating to a “neutral” rating and decreased their price objective for the stock from $12.00 to $7.00 in a report on Tuesday, November 5th. Roth Capital downgraded shares of Hudson Technologies from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, November 5th. Craig Hallum downgraded shares of Hudson Technologies from a “buy” rating to a “hold” rating and reduced their target price for the stock from $10.00 to $7.00 in a research report on Tuesday, November 5th. B. Riley reaffirmed a “neutral” rating and issued a $7.25 target price (down from $8.50) on shares of Hudson Technologies in a research report on Tuesday, November 5th. Finally, Canaccord Genuity Group reduced their target price on shares of Hudson Technologies from $8.75 to $8.00 and set a “hold” rating on the stock in a research report on Tuesday, November 5th. Six analysts have rated the stock with a hold rating, According to data from MarketBeat, the company has an average rating of “Hold” and a consensus price target of $7.85.

Hudson Technologies Stock Performance

Shares of HDSN stock opened at $5.79 on Friday. Hudson Technologies, Inc. has a one year low of $5.17 and a one year high of $15.24. The company’s 50-day moving average is $5.72 and its 200 day moving average is $6.77. The company has a market capitalization of $261.48 million, a price-to-earnings ratio of 8.90, a price-to-earnings-growth ratio of 0.49 and a beta of 1.09.

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.