Hudson Technologies (NASDAQ:HDSN) Stock Rating Lowered by Craig Hallum

Hudson Technologies (NASDAQ:HDSN) was downgraded by equities research analysts at Craig Hallum from a “buy” rating to a “hold” rating in a research note issued on Tuesday, MarketBeat.com reports. They currently have a $7.00 price target on the industrial products company’s stock, down from their previous price target of $10.00. Craig Hallum’s price objective points to a potential upside of 19.05% from the company’s current price.

Separately, B. Riley cut shares of Hudson Technologies from a “buy” rating to a “neutral” rating and lowered their target price for the company from $10.00 to $8.50 in a research note on Wednesday, October 30th. Six investment analysts have rated the stock with a hold rating, According to MarketBeat, the stock has an average rating of “Hold” and a consensus price target of $7.85.

Hudson Technologies Stock Performance

HDSN opened at $5.88 on Tuesday. Hudson Technologies has a fifty-two week low of $5.35 and a fifty-two week high of $15.24. The firm’s fifty day moving average is $7.89 and its 200 day moving average is $8.56. The stock has a market cap of $267.66 million, a price-to-earnings ratio of 9.05, a price-to-earnings-growth ratio of 0.43 and a beta of 1.22.

Hudson Technologies (NASDAQ:HDSN) last released its earnings results on Monday, November 4th. The industrial products company reported $0.17 earnings per share for the quarter, beating analysts’ consensus estimates of $0.16 by $0.01. Hudson Technologies had a net margin of 12.49% and a return on equity of 12.94%. The company had revenue of $61.94 million for the quarter, compared to analysts’ expectations of $64.92 million. During the same quarter in the previous year, the company earned $0.34 EPS. On average, equities research analysts predict that Hudson Technologies will post 0.58 earnings per share for the current year.

Institutional Trading of Hudson Technologies

Hedge funds have recently bought and sold shares of the stock. nVerses Capital LLC purchased a new stake in Hudson Technologies in the 3rd quarter worth $28,000. Point72 DIFC Ltd bought a new stake in shares of Hudson Technologies in the 2nd quarter worth about $55,000. Quest Partners LLC increased its holdings in shares of Hudson Technologies by 121.5% in the 2nd quarter. Quest Partners LLC now owns 7,905 shares of the industrial products company’s stock worth $69,000 after buying an additional 4,336 shares during the last quarter. Bleakley Financial Group LLC bought a new stake in shares of Hudson Technologies in the 3rd quarter worth about $96,000. Finally, Creative Planning bought a new stake in shares of Hudson Technologies in the 3rd quarter worth about $106,000. Hedge funds and other institutional investors own 71.34% of the company’s stock.

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.