Hudson Technologies, Inc. (NASDAQ:HDSN) Given Consensus Rating of “Moderate Buy” by Brokerages

Hudson Technologies, Inc. (NASDAQ:HDSN) has been given an average rating of “Moderate Buy” by the five brokerages that are presently covering the stock, Marketbeat reports. Two analysts have rated the stock with a hold rating and three have issued a buy rating on the company. The average 1 year price target among analysts that have updated their coverage on the stock in the last year is $10.60.

A number of brokerages have weighed in on HDSN. Craig Hallum reduced their price objective on Hudson Technologies from $13.00 to $10.00 and set a “buy” rating for the company in a research note on Wednesday, August 7th. B. Riley reduced their price target on shares of Hudson Technologies from $13.00 to $10.00 and set a “buy” rating for the company in a research report on Wednesday, August 7th.

Hudson Technologies Price Performance

Shares of HDSN opened at $7.60 on Friday. Hudson Technologies has a 1-year low of $6.94 and a 1-year high of $15.24. The stock has a market cap of $345.88 million, a PE ratio of 7.76, a price-to-earnings-growth ratio of 0.46 and a beta of 1.20. The firm has a fifty day moving average price of $8.06 and a 200 day moving average price of $9.08.

Hudson Technologies (NASDAQ:HDSN) last posted its earnings results on Tuesday, August 6th. The industrial products company reported $0.20 earnings per share for the quarter, missing the consensus estimate of $0.25 by ($0.05). The firm had revenue of $75.28 million during the quarter, compared to analysts’ expectations of $78.63 million. Hudson Technologies had a net margin of 14.00% and a return on equity of 16.65%. During the same period in the previous year, the firm posted $0.41 earnings per share. As a group, equities analysts expect that Hudson Technologies will post 0.58 EPS for the current fiscal year.

Institutional Investors Weigh In On Hudson Technologies

Large investors have recently modified their holdings of the stock. Point72 DIFC Ltd acquired a new position in Hudson Technologies in the 2nd quarter valued at $55,000. Quest Partners LLC boosted its holdings in shares of Hudson Technologies by 121.5% in the second 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. Virtu Financial LLC purchased a new stake in shares of Hudson Technologies in the first quarter valued at about $114,000. Sequoia Financial Advisors LLC purchased a new stake in shares of Hudson Technologies in the first quarter valued at about $126,000. Finally, Legato Capital Management LLC purchased a new position in Hudson Technologies during the second quarter worth about $109,000. Hedge funds and other institutional investors own 71.34% of the company’s stock.

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.