Hudson Technologies (NASDAQ:HDSN) Cut to Hold at Craig Hallum

Craig Hallum lowered shares of Hudson Technologies (NASDAQ:HDSN) from a buy rating to a hold rating in a research note published on Tuesday, MarketBeat reports. The brokerage currently has $7.00 price target on the industrial products company’s stock, down from their prior price target of $10.00.

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

Hudson Technologies Stock Down 0.9 %

NASDAQ:HDSN opened at $5.83 on Tuesday. The company has a market cap of $265.38 million, a P/E ratio of 8.97, a price-to-earnings-growth ratio of 0.43 and a beta of 1.22. Hudson Technologies has a twelve month low of $5.35 and a twelve month high of $15.24. The business has a 50 day moving average price of $7.85 and a two-hundred day moving average price of $8.54.

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

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in HDSN. Swedbank AB bought a new stake in shares of Hudson Technologies during the first quarter valued at approximately $1,652,000. Russell Investments Group Ltd. increased its position in shares of Hudson Technologies by 240,800.0% during the 1st quarter. Russell Investments Group Ltd. now owns 57,816 shares of the industrial products company’s stock valued at $637,000 after purchasing an additional 57,792 shares during the last quarter. Sixth Street Partners Management Company L.P. grew its stake in shares of Hudson Technologies by 30.0% during the 2nd quarter. Sixth Street Partners Management Company L.P. now owns 1,300,000 shares of the industrial products company’s stock worth $11,427,000 after acquiring an additional 300,000 shares during the period. Commonwealth Equity Services LLC bought a new position in Hudson Technologies in the 2nd quarter worth approximately $687,000. Finally, Dimensional Fund Advisors LP boosted its holdings in shares of Hudson Technologies by 22.0% in the second quarter. Dimensional Fund Advisors LP now owns 2,019,067 shares of the industrial products company’s stock worth $17,747,000 after acquiring an additional 364,117 shares during the period. 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.