Hudson Technologies, Inc. (NASDAQ:HDSN) Lowered to Neutral at B. Riley

Hudson Technologies, Inc. (NASDAQ:HDSN) was downgraded by investment analysts at B. Riley from a “buy” rating to a “neutral” rating in a research note issued to investors on Friday, The Fly reports.

Other analysts have also recently issued research reports about the stock. Roth Capital set a $10.00 target price on shares of Hudson Technologies and gave the stock a “buy” rating in a research note on Saturday, June 17th. BidaskClub cut shares of Hudson Technologies from a “hold” rating to a “sell” rating in a research note on Tuesday, August 1st. Zacks Investment Research raised shares of Hudson Technologies from a “hold” rating to a “buy” rating and set a $7.50 target price on the stock in a research note on Tuesday, April 25th. TheStreet raised shares of Hudson Technologies from a “c+” rating to a “b” rating in a research note on Wednesday, May 31st. Finally, ValuEngine raised shares of Hudson Technologies from a “hold” rating to a “buy” rating in a research note on Friday, June 2nd. Two equities research analysts have rated the stock with a sell rating, one has issued a hold rating and two have issued a buy rating to the stock. Hudson Technologies currently has a consensus rating of “Hold” and a consensus target price of $9.00.

Hudson Technologies (NASDAQ HDSN) opened at 9.26 on Friday. Hudson Technologies has a 12-month low of $5.00 and a 12-month high of $10.40. The firm has a market cap of $384.65 million, a P/E ratio of 26.46 and a beta of 1.12. The firm’s 50-day moving average price is $8.53 and its 200 day moving average price is $7.66.

Hudson Technologies (NASDAQ:HDSN) last announced its quarterly earnings data on Wednesday, August 9th. The industrial products company reported $0.22 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.16 by $0.06. The business had revenue of $52.23 million for the quarter, compared to analysts’ expectations of $46.34 million. Hudson Technologies had a net margin of 12.80% and a return on equity of 18.21%. Analysts forecast that Hudson Technologies will post $0.40 earnings per share for the current fiscal year.

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Several hedge funds have recently bought and sold shares of HDSN. Airain ltd boosted its stake in Hudson Technologies by 7.6% in the second quarter. Airain ltd now owns 19,167 shares of the industrial products company’s stock worth $162,000 after buying an additional 1,347 shares during the last quarter. Ameriprise Financial Inc. boosted its stake in Hudson Technologies by 13.2% in the second quarter. Ameriprise Financial Inc. now owns 17,325 shares of the industrial products company’s stock worth $146,000 after buying an additional 2,025 shares during the last quarter. Sheaff Brock Investment Advisors LLC boosted its stake in Hudson Technologies by 20.8% in 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 during the last quarter. Perigon Wealth Management LLC boosted its stake in Hudson Technologies by 14.3% in the first quarter. Perigon Wealth Management LLC now owns 31,034 shares of the industrial products company’s stock worth $205,000 after buying an additional 3,875 shares during the last quarter. Finally, ARS Investment Partners LLC boosted its stake in Hudson Technologies by 9.6% in the second quarter. ARS Investment Partners LLC now owns 74,500 shares of the industrial products company’s stock worth $630,000 after buying an additional 6,500 shares during the last quarter. 76.23% of the stock is currently owned by hedge funds and other institutional investors.

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.

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