Hudson Technologies (NASDAQ:HDSN) Price Target Cut to $8.00 by Analysts at Canaccord Genuity Group

Hudson Technologies (NASDAQ:HDSN) had its target price trimmed by Canaccord Genuity Group from $8.75 to $8.00 in a research report released on Tuesday morning,Benzinga reports. The firm currently has a hold rating on the industrial products company’s stock.

Other equities analysts have also recently issued reports about the company. Craig Hallum cut Hudson Technologies from a “buy” rating to a “hold” rating and reduced their price target for the company from $10.00 to $7.00 in a research report on Tuesday. B. Riley downgraded shares of Hudson Technologies from a “buy” rating to a “neutral” rating and decreased their price target for the stock from $10.00 to $8.50 in a research note on Wednesday, October 30th. Finally, Roth Mkm lowered shares of Hudson Technologies from a “buy” rating to a “neutral” rating and dropped their target price for the stock from $12.00 to $7.00 in a report on Tuesday. Six research analysts have rated the stock with a hold rating, According to MarketBeat, the company currently has a consensus rating of “Hold” and a consensus price target of $7.85.

Hudson Technologies Trading Down 0.9 %

NASDAQ HDSN opened at $5.83 on Tuesday. The firm has a market capitalization of $265.38 million, a P/E ratio of 8.97, a PEG ratio of 0.43 and a beta of 1.22. Hudson Technologies has a 12 month low of $5.35 and a 12 month high of $15.24. The business has a fifty day simple moving average of $7.85 and a 200 day simple moving average of $8.54.

Hudson Technologies (NASDAQ:HDSN) last posted its quarterly earnings results on Monday, November 4th. The industrial products company reported $0.17 EPS for the quarter, topping 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 company had revenue of $61.94 million for the quarter, compared to analysts’ expectations of $64.92 million. During the same quarter in the previous year, the firm posted $0.34 EPS. As a group, sell-side analysts predict that Hudson Technologies will post 0.58 EPS for the current fiscal year.

Institutional Investors Weigh In On Hudson Technologies

Large investors have recently added to or reduced their stakes in the stock. Swedbank AB purchased a new stake in Hudson Technologies during the first quarter valued at approximately $1,652,000. Russell Investments Group Ltd. raised its stake in shares of Hudson Technologies by 240,800.0% in 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 during the period. Sixth Street Partners Management Company L.P. increased its holdings in Hudson Technologies by 30.0% in the 2nd quarter. Sixth Street Partners Management Company L.P. now owns 1,300,000 shares of the industrial products company’s stock worth $11,427,000 after acquiring an additional 300,000 shares in the last quarter. Commonwealth Equity Services LLC bought a new stake in Hudson Technologies during the 2nd quarter worth approximately $687,000. Finally, Dimensional Fund Advisors LP increased its stake in 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 buying an additional 364,117 shares in the last quarter. 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.