Hudson Technologies (NASDAQ:HDSN) PT Lowered to $13.00

Hudson Technologies (NASDAQ:HDSN) had its target price lowered by analysts at Craig Hallum from $16.00 to $13.00 in a research note issued on Thursday, Benzinga reports. The brokerage presently has a “buy” rating on the industrial products company’s stock. Craig Hallum’s price target would indicate a potential upside of 42.39% from the company’s previous close.

HDSN has been the topic of a number of other research reports. Canaccord Genuity Group downgraded Hudson Technologies from a “buy” rating to a “hold” rating and dropped their price target for the stock from $15.00 to $10.00 in a research note on Thursday. Roth Mkm cut their target price on shares of Hudson Technologies from $14.00 to $13.00 and set a “buy” rating on the stock in a report on Wednesday. B. Riley reduced their price target on shares of Hudson Technologies from $17.00 to $16.00 and set a “buy” rating for the company in a research report on Thursday, March 7th. Finally, Canaccord Genuity Group reissued a “hold” rating and set a $10.00 price objective (down from $15.00) on shares of Hudson Technologies in a research report on Thursday. Three analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. According to data from MarketBeat, Hudson Technologies currently has an average rating of “Moderate Buy” and an average target price of $12.40.

Hudson Technologies Price Performance

Shares of Hudson Technologies stock traded up $0.03 during trading hours on Thursday, hitting $9.13. The company had a trading volume of 1,091,323 shares, compared to its average volume of 653,188. The company’s 50-day moving average is $11.48 and its two-hundred day moving average is $12.50. The company has a market cap of $415.51 million, a P/E ratio of 9.32, a price-to-earnings-growth ratio of 0.41 and a beta of 1.00. Hudson Technologies has a twelve month low of $7.21 and a twelve month high of $15.24.

Hudson Technologies (NASDAQ:HDSN) last announced its quarterly earnings results on Wednesday, May 1st. The industrial products company reported $0.20 earnings per share for the quarter, beating analysts’ consensus estimates of $0.19 by $0.01. The firm had revenue of $65.25 million during the quarter, compared to analysts’ expectations of $63.04 million. Hudson Technologies had a net margin of 16.70% and a return on equity of 22.00%. During the same period in the previous year, the company earned $0.33 earnings per share. Sell-side analysts expect that Hudson Technologies will post 0.74 EPS for the current year.

Institutional Investors Weigh In On Hudson Technologies

Several hedge funds have recently modified their holdings of the stock. Tower Research Capital LLC TRC increased its stake in Hudson Technologies by 417.4% in the 4th quarter. Tower Research Capital LLC TRC now owns 6,954 shares of the industrial products company’s stock valued at $94,000 after buying an additional 5,610 shares during the period. Paradice Investment Management LLC acquired a new position in shares of Hudson Technologies during the fourth quarter worth about $154,000. Sequoia Financial Advisors LLC acquired a new position in shares of Hudson Technologies during the first quarter worth about $126,000. Arizona State Retirement System acquired a new stake in Hudson Technologies in the fourth quarter valued at about $154,000. Finally, Zurcher Kantonalbank Zurich Cantonalbank acquired a new stake in Hudson Technologies in the fourth quarter valued at about $163,000. 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.