Hudson Technologies (NASDAQ:HDSN) Rating Lowered to Hold at Roth Capital

Hudson Technologies (NASDAQ:HDSN) was downgraded by analysts at Roth Capital from a “strong-buy” rating to a “hold” rating in a report released on Tuesday, Zacks.com reports.

Several other research firms have also issued reports on HDSN. B. Riley restated a “neutral” rating and issued a $7.25 price target (down from $8.50) on shares of Hudson Technologies in a research report on Tuesday. Craig Hallum cut Hudson Technologies from a “buy” rating to a “hold” rating and cut their price target for the company from $10.00 to $7.00 in a report on Tuesday. Roth Mkm lowered Hudson Technologies from a “buy” rating to a “neutral” rating and decreased their price objective for the stock from $12.00 to $7.00 in a report on Tuesday. Finally, Canaccord Genuity Group lowered their price objective on Hudson Technologies from $8.75 to $8.00 and set a “hold” rating on the stock in a research report on Tuesday. Six analysts have rated the stock with a hold rating, According to data from MarketBeat, the company presently has an average rating of “Hold” and an average target price of $7.85.

Hudson Technologies Stock Down 22.0 %

HDSN opened at $5.92 on Tuesday. The stock’s 50 day moving average price is $7.93 and its two-hundred day moving average price is $8.58. The firm has a market capitalization 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 12-month low of $5.67 and a 12-month high of $15.24.

Hudson Technologies (NASDAQ:HDSN) last posted its quarterly earnings data on Monday, November 4th. The industrial products company reported $0.17 earnings per share for the quarter, beating the consensus estimate of $0.16 by $0.01. Hudson Technologies had a return on equity of 16.65% and a net margin of 14.00%. The company had revenue of $61.94 million during the quarter, compared to analysts’ expectations of $64.92 million. During the same period in the prior year, the business earned $0.34 earnings per share. As a group, analysts anticipate that Hudson Technologies will post 0.58 earnings per share for the current year.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently made changes to their positions in the stock. Swedbank AB acquired a new stake in shares of Hudson Technologies during the 1st quarter worth about $1,652,000. Russell Investments Group Ltd. increased its holdings in shares of Hudson Technologies by 240,800.0% during the first quarter. Russell Investments Group Ltd. now owns 57,816 shares of the industrial products company’s stock worth $637,000 after buying an additional 57,792 shares in the last quarter. Sixth Street Partners Management Company L.P. raised its stake in shares of Hudson Technologies by 30.0% in the second quarter. Sixth Street Partners Management Company L.P. now owns 1,300,000 shares of the industrial products company’s stock valued at $11,427,000 after acquiring an additional 300,000 shares during the last quarter. Commonwealth Equity Services LLC bought a new position in shares of Hudson Technologies in the second quarter valued at approximately $687,000. Finally, Dimensional Fund Advisors LP boosted its holdings in shares of Hudson Technologies by 22.0% in the 2nd quarter. Dimensional Fund Advisors LP now owns 2,019,067 shares of the industrial products company’s stock worth $17,747,000 after acquiring an additional 364,117 shares in the last quarter. 71.34% of the stock is owned by institutional investors.

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.