Hudson Technologies (NASDAQ:HDSN) Cut to “Hold” at Roth Capital

Roth Capital cut shares of Hudson Technologies (NASDAQ:HDSN) from a strong-buy rating to a hold rating in a report published on Tuesday morning,Zacks.com reports.

Several other analysts have also issued reports on the stock. Craig Hallum lowered shares of Hudson Technologies from a “buy” rating to a “hold” rating and dropped their target price for the company from $10.00 to $7.00 in a research report on Tuesday. Canaccord Genuity Group dropped their price target on Hudson Technologies from $8.75 to $8.00 and set a “hold” rating for the company in a research report on Tuesday. B. Riley reissued a “neutral” rating and issued a $7.25 price objective (down previously from $8.50) on shares of Hudson Technologies in a report on Tuesday. Finally, Roth Mkm cut shares of Hudson Technologies from a “buy” rating to a “neutral” rating and dropped their price target for the company from $12.00 to $7.00 in a research note on Tuesday. Six analysts have rated the stock with a hold rating, According to data from MarketBeat, Hudson Technologies has a consensus rating of “Hold” and an average target price of $7.85.

Hudson Technologies Trading Down 0.9 %

HDSN opened at $5.83 on Tuesday. The firm has a 50 day moving average of $7.85 and a two-hundred day moving average of $8.54. Hudson Technologies has a 12-month low of $5.35 and a 12-month high of $15.24. The firm has a market capitalization of $265.38 million, a PE ratio of 8.97, a P/E/G ratio of 0.43 and a beta of 1.22.

Hudson Technologies (NASDAQ:HDSN) last released its quarterly earnings results on Monday, November 4th. The industrial products company reported $0.17 EPS for the quarter, beating the consensus estimate 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 analyst estimates of $64.92 million. During the same quarter last year, the business earned $0.34 earnings per share. As a group, analysts predict that Hudson Technologies will post 0.58 EPS for the current fiscal year.

Hedge Funds Weigh In On Hudson Technologies

A number of institutional investors and hedge funds have recently made changes to their positions in the stock. nVerses Capital LLC purchased a new position in Hudson Technologies in the third quarter worth approximately $28,000. Point72 DIFC Ltd purchased a new stake in Hudson Technologies during the second quarter worth approximately $55,000. Quest Partners LLC boosted 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 valued at $69,000 after buying an additional 4,336 shares in the last quarter. Bleakley Financial Group LLC purchased a new stake in Hudson Technologies in the third quarter valued at $96,000. Finally, Creative Planning purchased a new position in Hudson Technologies during the 3rd quarter worth approximately $106,000. 71.34% of the stock is owned by institutional investors and hedge funds.

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.