Hudson Technologies (NASDAQ:HDSN) Rating Increased to Buy at Craig Hallum

Hudson Technologies (NASDAQ:HDSN) was upgraded by research analysts at Craig Hallum from a “hold” rating to a “buy” rating in a note issued to investors on Thursday, Marketbeat Ratings reports. The brokerage presently has a $8.00 target price on the industrial products company’s stock. Craig Hallum’s target price would suggest a potential upside of 7.53% from the company’s previous close.

Separately, Canaccord Genuity Group lowered their target price on shares of Hudson Technologies from $8.00 to $6.25 and set a “hold” rating on the stock in a research note on Monday, March 10th. Four equities research analysts have rated the stock with a hold rating and one has issued a buy rating to the stock. According to MarketBeat, Hudson Technologies currently has an average rating of “Hold” and an average target price of $7.25.

Hudson Technologies Stock Performance

Shares of NASDAQ HDSN opened at $7.44 on Thursday. The stock has a fifty day moving average of $6.01 and a 200-day moving average of $5.99. The stock has a market cap of $327.18 million, a PE ratio of 11.45, a price-to-earnings-growth ratio of 0.49 and a beta of 0.92. Hudson Technologies has a fifty-two week low of $5.11 and a fifty-two week high of $10.04.

Hudson Technologies (NASDAQ:HDSN) last posted its earnings results on Wednesday, May 7th. The industrial products company reported $0.06 earnings per share for the quarter, beating analysts’ consensus estimates of $0.01 by $0.05. Hudson Technologies had a return on equity of 12.74% and a net margin of 12.49%. The business had revenue of $55.34 million during the quarter, compared to analyst estimates of $52.23 million. On average, sell-side analysts predict that Hudson Technologies will post 0.55 EPS for the current year.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of HDSN. Charles Schwab Investment Management Inc. lifted its position in Hudson Technologies by 4.6% during the first quarter. Charles Schwab Investment Management Inc. now owns 127,725 shares of the industrial products company’s stock valued at $788,000 after purchasing an additional 5,669 shares during the last quarter. Victory Capital Management Inc. raised its position in shares of Hudson Technologies by 41.0% during the 1st quarter. Victory Capital Management Inc. now owns 102,308 shares of the industrial products company’s stock valued at $631,000 after buying an additional 29,756 shares in the last quarter. Isthmus Partners LLC bought a new stake in shares of Hudson Technologies during the 1st quarter worth $187,000. CWM LLC grew its position in Hudson Technologies by 186.9% in the first quarter. CWM LLC now owns 14,102 shares of the industrial products company’s stock worth $87,000 after acquiring an additional 9,187 shares in the last quarter. Finally, New South Capital Management Inc. increased its stake in Hudson Technologies by 12.3% in the first quarter. New South Capital Management Inc. now owns 1,483,719 shares of the industrial products company’s stock valued at $9,155,000 after acquiring an additional 162,002 shares during the last quarter. 71.34% of the stock is currently owned by 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.