Hudson Technologies, Inc. (NASDAQ:HDSN) has been given a $10.00 target price by equities researchers at Roth Capital in a research report issued on Wednesday, June 28th. The firm presently has a “buy” rating on the industrial products company’s stock. Roth Capital’s price objective points to a potential upside of 25.63% from the company’s current price.
A number of other equities research analysts have also issued reports on HDSN. Zacks Investment Research lowered shares of Hudson Technologies from a “hold” rating to a “sell” rating in a report on Thursday, March 2nd. B. Riley reaffirmed a “buy” rating and set a $9.00 target price on shares of Hudson Technologies in a research note on Monday, March 13th. TheStreet lowered shares of Hudson Technologies from a “b-” rating to a “c+” rating in a research note on Friday, March 17th. Finally, ValuEngine raised shares of Hudson Technologies from a “hold” rating to a “buy” rating in a research note on Friday, June 2nd. One research analyst has rated the stock with a sell rating, one has given a hold rating and three have assigned a buy rating to the company. The company currently has an average rating of “Hold” and a consensus target price of $8.67.
Hudson Technologies (HDSN) traded down 0.50% during trading on Wednesday, hitting $7.96. 666,146 shares of the company were exchanged. The stock’s 50-day moving average is $8.63 and its 200-day moving average is $7.63. Hudson Technologies has a 12 month low of $4.70 and a 12 month high of $9.44. The company has a market capitalization of $330.65 million, a price-to-earnings ratio of 22.74 and a beta of 1.13.
Hudson Technologies (NASDAQ:HDSN) last announced its quarterly earnings data on Wednesday, May 3rd. The industrial products company reported $0.13 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.11 by $0.02. Hudson Technologies had a net margin of 11.56% and a return on equity of 15.21%. The firm had revenue of $38.83 million during the quarter, compared to analyst estimates of $38.96 million. Equities research analysts anticipate that Hudson Technologies will post $0.41 earnings per share for the current year.
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A number of hedge funds and other institutional investors have recently made changes to their positions in the company. Russell Investments Group Ltd. bought a new position in shares of Hudson Technologies during the fourth quarter valued at $6,915,000. Dimensional Fund Advisors LP raised its position in shares of Hudson Technologies by 51.5% in the fourth quarter. Dimensional Fund Advisors LP now owns 1,079,572 shares of the industrial products company’s stock valued at $8,647,000 after buying an additional 366,756 shares during the period. Bayesian Capital Management LP bought a new position in shares of Hudson Technologies during the fourth quarter valued at $105,000. Allianz Asset Management AG bought a new position in shares of Hudson Technologies during the fourth quarter valued at $2,961,000. Finally, Renaissance Technologies LLC raised its position in shares of Hudson Technologies by 168.0% in the fourth quarter. Renaissance Technologies LLC now owns 263,400 shares of the industrial products company’s stock valued at $2,110,000 after buying an additional 165,100 shares during the period. 76.61% of the stock is owned by institutional investors.
About Hudson Technologies
Hudson Technologies, Inc is a refrigerant services company. The Company’s products and services are primarily used in commercial air conditioning, industrial processing and refrigeration systems, and include refrigerant and industrial gas sales, refrigerant management services consisting primarily of reclamation of refrigerants and RefrigerantSide Services performed at a customer’s site, consisting of system decontamination to remove moisture, oils and other contaminants.
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