Hudson Technologies (NASDAQ:HDSN) Receives Neutral Rating from B. Riley

B. Riley reiterated their neutral rating on shares of Hudson Technologies (NASDAQ:HDSN) in a research note released on Tuesday morning,Benzinga reports. The firm currently has a $7.25 price objective on the industrial products company’s stock, down from their prior price objective of $8.50. B. Riley also issued estimates for Hudson Technologies’ Q4 2024 earnings at $0.00 EPS, FY2024 earnings at $0.57 EPS and FY2025 earnings at $0.42 EPS.

A number of other equities research analysts have also commented on HDSN. Roth Mkm lowered shares of Hudson Technologies from a “buy” rating to a “neutral” rating and lowered their price target for the company from $12.00 to $7.00 in a report on Tuesday. Craig Hallum downgraded shares of Hudson Technologies from a “buy” rating to a “hold” rating and lowered their price objective for the company from $10.00 to $7.00 in a research note on Tuesday. Finally, Canaccord Genuity Group cut their target price on Hudson Technologies from $8.75 to $8.00 and set a “hold” rating on the stock in a research note on Tuesday. Six research analysts have rated the stock with a hold rating, According to MarketBeat, the stock has an average rating of “Hold” and an average target price of $7.85.

Hudson Technologies Trading Up 1.2 %

HDSN opened at $5.90 on Tuesday. The company has a market cap of $268.57 million, a P/E ratio of 9.08, a P/E/G ratio of 0.34 and a beta of 1.22. Hudson Technologies has a 12 month low of $5.35 and a 12 month high of $15.24. The business’s 50-day moving average price is $7.80 and its 200-day moving average price is $8.51.

Hudson Technologies (NASDAQ:HDSN) last announced its quarterly earnings data on Monday, November 4th. The industrial products company reported $0.17 earnings per share for the quarter, beating the consensus estimate of $0.16 by $0.01. The firm 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 in the previous year, the company posted $0.34 earnings per share. Equities research analysts forecast that Hudson Technologies will post 0.57 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Hudson Technologies

Institutional investors and hedge funds have recently modified their holdings of the stock. New South Capital Management Inc. purchased a new position in shares of Hudson Technologies during the second quarter valued at about $11,564,000. Lazard Asset Management LLC purchased a new position in shares of Hudson Technologies during the 1st quarter worth approximately $4,549,000. Dimensional Fund Advisors LP grew its holdings in shares of Hudson Technologies by 22.0% during the 2nd 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. Foundry Partners LLC raised its position in shares of Hudson Technologies by 81.0% in the 1st quarter. Foundry Partners LLC now owns 676,098 shares of the industrial products company’s stock worth $7,444,000 after acquiring an additional 302,529 shares in the last quarter. Finally, Sixth Street Partners Management Company L.P. lifted its stake in shares of Hudson Technologies by 30.0% in the 2nd quarter. Sixth Street Partners Management Company L.P. now owns 1,300,000 shares of the industrial products company’s stock valued at $11,427,000 after purchasing an additional 300,000 shares during the period. 71.34% of the stock is owned by hedge funds and other institutional investors.

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.