Hudson Technologies’ (HDSN) “Neutral” Rating Reiterated at B. Riley

B. Riley reissued their neutral rating on shares of Hudson Technologies (NASDAQ:HDSN) in a report released on Tuesday,Benzinga reports. B. Riley currently has a $7.25 price target on the industrial products company’s stock, down from their prior price target of $8.50. B. Riley also issued estimates for Hudson Technologies’ Q4 2024 earnings at $0.00 EPS, FY2024 earnings at $0.57 EPS and FY2025 earnings at $0.42 EPS.

Several other research firms have also recently commented on HDSN. Roth Mkm cut Hudson Technologies from a “buy” rating to a “neutral” rating and dropped their price objective for the company from $12.00 to $7.00 in a research report on Tuesday. Canaccord Genuity Group cut their price objective on Hudson Technologies from $8.75 to $8.00 and set a “hold” rating for the company in a research note on Tuesday. Finally, Craig Hallum cut shares of Hudson Technologies from a “buy” rating to a “hold” rating and cut their target price for the company from $10.00 to $7.00 in a research note on Tuesday. Six analysts have rated the stock with a hold rating, According to data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus target price of $7.85.

Hudson Technologies Price Performance

HDSN opened at $5.83 on Tuesday. The stock’s 50 day simple moving average is $7.85 and its 200 day simple moving average is $8.54. The firm has a market cap of $265.38 million, a price-to-earnings ratio of 8.97, a PEG ratio of 0.43 and a beta of 1.22. Hudson Technologies has a 1 year low of $5.35 and a 1 year 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 12.49% and a return on equity of 12.94%. 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. As a group, sell-side analysts anticipate that Hudson Technologies will post 0.58 EPS for the current year.

Hedge Funds Weigh In On Hudson Technologies

Several hedge funds and other institutional investors have recently modified their holdings of the stock. Sequoia Financial Advisors LLC purchased a new position in shares of Hudson Technologies in the first quarter worth about $126,000. BNP Paribas Financial Markets lifted its holdings in Hudson Technologies by 37.3% in the 1st quarter. BNP Paribas Financial Markets now owns 21,704 shares of the industrial products company’s stock valued at $239,000 after purchasing an additional 5,894 shares in the last quarter. Janney Montgomery Scott LLC grew its holdings in shares of Hudson Technologies by 22.5% during the first quarter. Janney Montgomery Scott LLC now owns 74,836 shares of the industrial products company’s stock worth $824,000 after buying an additional 13,732 shares in the last quarter. GSA Capital Partners LLP purchased a new stake in Hudson Technologies during the 1st quarter valued at about $819,000. Finally, Russell Investments Group Ltd. lifted its position in 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. 71.34% of the stock is owned by hedge funds and other 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.