Hudson Technologies (HDSN) Downgraded by ValuEngine to “Hold”

Hudson Technologies (NASDAQ:HDSN) was downgraded by equities researchers at ValuEngine from a “buy” rating to a “hold” rating in a research report issued on Wednesday, January 3rd.

A number of other research analysts have also commented on HDSN. Roth Capital set a $11.00 price objective on shares of Hudson Technologies and gave the company a “buy” rating in a research note on Thursday, October 5th. B. Riley set a $8.00 price objective on shares of Hudson Technologies and gave the company a “hold” rating in a research note on Wednesday, October 11th. Finally, Zacks Investment Research lowered shares of Hudson Technologies from a “hold” rating to a “sell” rating in a research note on Wednesday, October 11th. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating and one has given a buy rating to the company. The stock currently has a consensus rating of “Hold” and a consensus price target of $9.25.

Shares of Hudson Technologies (NASDAQ HDSN) opened at $6.30 on Wednesday. Hudson Technologies has a 12 month low of $5.40 and a 12 month high of $10.40. The company has a market cap of $261.91, a P/E ratio of 19.69, a price-to-earnings-growth ratio of 0.61 and a beta of 1.06.

Hudson Technologies (NASDAQ:HDSN) last posted its quarterly earnings data on Wednesday, November 8th. The industrial products company reported $0.05 EPS for the quarter, beating the Zacks’ consensus estimate of $0.03 by $0.02. Hudson Technologies had a net margin of 11.69% and a return on equity of 12.58%. The business had revenue of $24.70 million for the quarter, compared to analyst estimates of $25.00 million. During the same quarter last year, the business earned $0.14 earnings per share. The business’s revenue for the quarter was down 29.2% on a year-over-year basis. research analysts forecast that Hudson Technologies will post 0.3 earnings per share for the current fiscal year.

In other Hudson Technologies news, Director Richard Parrillo bought 10,000 shares of Hudson Technologies stock in a transaction that occurred on Friday, December 15th. The stock was purchased at an average cost of $5.80 per share, for a total transaction of $58,000.00. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. 18.00% of the stock is owned by company insiders.

A number of large investors have recently modified their holdings of HDSN. SG Americas Securities LLC bought a new stake in Hudson Technologies during the second quarter worth approximately $107,000. Sheaff Brock Investment Advisors LLC boosted its holdings in Hudson Technologies by 20.8% during the second quarter. Sheaff Brock Investment Advisors LLC now owns 14,500 shares of the industrial products company’s stock worth $123,000 after buying an additional 2,500 shares in the last quarter. Gotham Asset Management LLC boosted its holdings in Hudson Technologies by 25.0% during the second quarter. Gotham Asset Management LLC now owns 14,956 shares of the industrial products company’s stock worth $126,000 after buying an additional 2,994 shares in the last quarter. Optimum Investment Advisors boosted its holdings in Hudson Technologies by 14.8% during the second quarter. Optimum Investment Advisors now owns 15,500 shares of the industrial products company’s stock worth $131,000 after buying an additional 2,000 shares in the last quarter. Finally, Voya Investment Management LLC bought a new stake in Hudson Technologies during the second quarter worth approximately $131,000. Hedge funds and other institutional investors own 76.04% of the company’s stock.

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Hudson Technologies Company Profile

Hudson Technologies, Inc is a refrigerant services company. The Company’s products and services are primarily used in commercial air conditioning, industrial processing and refrigeration systems, and include refrigerant and industrial gas sales, refrigerant management services consisting primarily of reclamation of refrigerants and RefrigerantSide Services performed at a customer’s site, consisting of system decontamination to remove moisture, oils and other contaminants.

To view ValuEngine’s full report, visit ValuEngine’s official website.

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