Hudson Technologies, Inc. (NASDAQ:HDSN) Given Average Recommendation of “Hold” by Analysts

Shares of Hudson Technologies, Inc. (NASDAQ:HDSN) have been assigned an average recommendation of “Hold” from the six analysts that are covering the stock, MarketBeat Ratings reports. Four research analysts have rated the stock with a hold rating and two have given a buy rating to the company. The average 12 month price target among brokers that have issued a report on the stock in the last year is $8.6250.

Several research analysts recently issued reports on HDSN shares. Weiss Ratings raised Hudson Technologies from a “sell (d+)” rating to a “hold (c-)” rating in a research report on Thursday, July 23rd. Canaccord Genuity Group dropped their price target on shares of Hudson Technologies from $9.00 to $8.00 and set a “buy” rating on the stock in a research report on Thursday, August 6th. Finally, Wall Street Zen cut shares of Hudson Technologies from a “hold” rating to a “sell” rating in a research report on Saturday, May 16th.

Insider Activity at Hudson Technologies

In related news, Director Jeffrey R. Feeler acquired 5,100 shares of the stock in a transaction dated Thursday, May 14th. The stock was bought at an average price of $4.92 per share, for a total transaction of $25,092.00. Following the purchase, the director directly owned 9,165 shares of the company’s stock, valued at $45,091.80. The trade was a 125.46% increase in their position. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, major shareholder Hartree Partners, Lp acquired 288,111 shares of the stock in a transaction dated Wednesday, July 1st. The stock was bought at an average price of $5.88 per share, with a total value of $1,694,092.68. Following the purchase, the insider directly owned 4,700,000 shares in the company, valued at $27,636,000. This represents a 6.53% increase in their ownership of the stock. The SEC filing for this purchase provides additional information. Over the last three months, insiders acquired 904,740 shares of company stock worth $5,300,160. Insiders own 1.90% of the company’s stock.

Institutional Investors Weigh In On Hudson Technologies

A number of large investors have recently bought and sold shares of HDSN. AQR Capital Management LLC raised its holdings in shares of Hudson Technologies by 7.2% during the first quarter. AQR Capital Management LLC now owns 591,645 shares of the industrial products company’s stock valued at $3,650,000 after purchasing an additional 39,654 shares during the period. Dynamic Technology Lab Private Ltd bought a new position in shares of Hudson Technologies during the 1st quarter worth about $97,000. Goldman Sachs Group Inc. grew its stake in shares of Hudson Technologies by 49.1% in the 1st quarter. Goldman Sachs Group Inc. now owns 245,760 shares of the industrial products company’s stock valued at $1,516,000 after buying an additional 80,973 shares during the period. Invesco Ltd. increased its position in Hudson Technologies by 21.5% in the 2nd quarter. Invesco Ltd. now owns 71,748 shares of the industrial products company’s stock valued at $583,000 after buying an additional 12,683 shares in the last quarter. Finally, Quantinno Capital Management LP increased its position in Hudson Technologies by 87.7% in the 2nd quarter. Quantinno Capital Management LP now owns 45,416 shares of the industrial products company’s stock valued at $369,000 after buying an additional 21,220 shares in the last quarter. 71.34% of the stock is currently owned by institutional investors and hedge funds.

Hudson Technologies Price Performance

Shares of NASDAQ HDSN opened at $5.53 on Wednesday. The company has a 50 day simple moving average of $5.90 and a 200 day simple moving average of $6.14. The firm has a market cap of $232.76 million, a PE ratio of 27.65 and a beta of 0.78. Hudson Technologies has a 1 year low of $4.64 and a 1 year high of $10.52.

Hudson Technologies (NASDAQ:HDSN) last posted its earnings results on Wednesday, August 5th. The industrial products company reported $0.12 earnings per share for the quarter, missing analysts’ consensus estimates of $0.18 by ($0.06). The business had revenue of $78.35 million for the quarter, compared to the consensus estimate of $74.20 million. Hudson Technologies had a return on equity of 4.93% and a net margin of 3.51%. As a group, research analysts anticipate that Hudson Technologies will post 0.17 earnings per share for the current fiscal year.

Hudson Technologies Company Profile

Hudson Technologies, Inc is a U.S.-based provider of refrigerant management and sustainability solutions, specializing in the recovery, reclamation and recycling of refrigerant gases. The company’s core business centers on collecting used refrigerants—such as CFCs, HCFCs and HFCs—from industrial, commercial and institutional customers, processing them in certified reclamation facilities and returning material that meets industry purity standards.

Headquartered in Purchase, New York, Hudson Technologies operates a network of reclamation centers across the continental United States.