Hudson Technologies (NASDAQ:HDSN) Downgraded to “Neutral” Rating by Roth Mkm

Roth Mkm lowered shares of Hudson Technologies (NASDAQ:HDSN) from a buy rating to a neutral rating in a research note issued to investors on Tuesday, Marketbeat reports. The firm currently has $7.00 price target on the industrial products company’s stock, down from their previous price target of $12.00.

Other research analysts also recently issued research reports about the company. Craig Hallum downgraded Hudson Technologies from a “buy” rating to a “hold” rating and reduced their target price for the stock from $10.00 to $7.00 in a report on Tuesday. B. Riley cut Hudson Technologies from a “buy” rating to a “neutral” rating and reduced their price target for the stock from $10.00 to $8.50 in a research note on Wednesday, October 30th. Six investment analysts have rated the stock with a hold rating, According to MarketBeat.com, Hudson Technologies currently has an average rating of “Hold” and an average target price of $7.85.

Hudson Technologies Stock Down 22.0 %

NASDAQ:HDSN opened at $5.92 on Tuesday. The firm’s fifty day simple moving average is $7.93 and its 200 day simple moving average is $8.58. The stock has a market cap of $269.48 million, a P/E ratio of 7.69, a price-to-earnings-growth ratio of 0.42 and a beta of 1.22. Hudson Technologies has a twelve month low of $5.67 and a twelve month high of $15.24.

Hudson Technologies (NASDAQ:HDSN) last announced its earnings results on Monday, November 4th. The industrial products company reported $0.17 earnings per share for the quarter, beating analysts’ consensus estimates of $0.16 by $0.01. Hudson Technologies had a net margin of 14.00% and a return on equity of 16.65%. The firm had revenue of $61.94 million for the quarter, compared to analyst estimates of $64.92 million. During the same quarter in the previous year, the firm posted $0.34 EPS. On average, analysts expect that Hudson Technologies will post 0.58 EPS for the current fiscal year.

Institutional Trading of Hudson Technologies

Several hedge funds and other institutional investors have recently made changes to their positions in HDSN. Koss Olinger Consulting LLC boosted its holdings in Hudson Technologies by 3.6% in the third quarter. Koss Olinger Consulting LLC now owns 44,003 shares of the industrial products company’s stock worth $367,000 after acquiring an additional 1,513 shares in the last quarter. Rhumbline Advisers boosted its stake in Hudson Technologies by 2.6% in the 2nd quarter. Rhumbline Advisers now owns 70,982 shares of the industrial products company’s stock worth $624,000 after purchasing an additional 1,770 shares in the last quarter. Sequoia Financial Advisors LLC grew its position in Hudson Technologies by 20.2% during the 2nd quarter. Sequoia Financial Advisors LLC now owns 13,700 shares of the industrial products company’s stock valued at $120,000 after purchasing an additional 2,300 shares during the last quarter. ClariVest Asset Management LLC grew its position in Hudson Technologies by 2.8% during the 2nd quarter. ClariVest Asset Management LLC now owns 93,584 shares of the industrial products company’s stock valued at $823,000 after purchasing an additional 2,555 shares during the last quarter. Finally, Principal Financial Group Inc. raised its holdings in Hudson Technologies by 10.3% in the second quarter. Principal Financial Group Inc. now owns 28,736 shares of the industrial products company’s stock worth $253,000 after buying an additional 2,673 shares during the last quarter. Hedge funds and other institutional investors own 71.34% of the company’s stock.

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.