Hudson Technologies, Inc. (NASDAQ:HDSN) Receives $2.00 Average Price Target from Analysts

Hudson Technologies, Inc. (NASDAQ:HDSN) has earned a consensus recommendation of “Hold” from the five ratings firms that are currently covering the firm, MarketBeat Ratings reports. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating and one has issued a buy rating on the company. The average 12 month price objective among brokers that have issued ratings on the stock in the last year is $2.00.

A number of equities analysts have recently issued reports on the company. Craig Hallum downgraded Hudson Technologies from a “buy” rating to a “hold” rating and set a $2.00 price target on the stock. in a research report on Wednesday, June 19th. ValuEngine downgraded Zumiez from a “hold” rating to a “sell” rating in a research report on Tuesday, July 2nd. Finally, Zacks Investment Research downgraded EXACT Sciences from a “hold” rating to a “sell” rating in a research report on Tuesday, July 2nd.

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Cooper Creek Partners Management LLC grew its position in Hudson Technologies by 0.3% during the 1st quarter. Cooper Creek Partners Management LLC now owns 3,828,773 shares of the industrial products company’s stock worth $7,390,000 after purchasing an additional 10,115 shares during the period. Norges Bank purchased a new stake in shares of Hudson Technologies during the 4th quarter worth about $351,000. Weber Alan W purchased a new stake in shares of Hudson Technologies during the 4th quarter worth about $273,000. Finally, Bank of New York Mellon Corp boosted its stake in shares of Hudson Technologies by 276.7% during the 4th quarter. Bank of New York Mellon Corp now owns 96,175 shares of the industrial products company’s stock worth $86,000 after acquiring an additional 70,646 shares in the last quarter. 60.62% of the stock is currently owned by hedge funds and other institutional investors.

Hudson Technologies stock traded down $0.02 during mid-day trading on Friday, reaching $0.66. 622,722 shares of the company were exchanged, compared to its average volume of 584,342. The firm’s fifty day moving average is $1.05. The company has a debt-to-equity ratio of 1.58, a quick ratio of 0.39 and a current ratio of 1.88. The firm has a market cap of $28.00 million, a price-to-earnings ratio of -2.86 and a beta of 1.04. Hudson Technologies has a 12-month low of $0.62 and a 12-month high of $2.25.

Hudson Technologies (NASDAQ:HDSN) last issued its quarterly earnings results on Wednesday, May 1st. The industrial products company reported ($0.09) earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of ($0.09). The business had revenue of $34.66 million for the quarter, compared to the consensus estimate of $34.47 million. Hudson Technologies had a negative return on equity of 16.86% and a negative net margin of 34.35%. As a group, equities research analysts predict that Hudson Technologies will post -0.1 EPS for the current fiscal year.

Hudson Technologies Company Profile

Hudson Technologies Inc operates as a refrigerant services company in the United States and internationally. It sells reclaimed and virgin refrigerants, and industrial gases; provides refrigerant management services, such as reclamation of refrigerants and laboratory testing, as well as re-usable cylinder refurbishment and hydrostatic testing services.

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