Hudson Technologies (NASDAQ:HDSN) was downgraded by investment analysts at BidaskClub from a “sell” rating to a “strong sell” rating in a report issued on Wednesday.
Several other equities research analysts also recently issued reports on HDSN. Zacks Investment Research upgraded shares of Hudson Technologies from a “sell” rating to a “hold” rating in a research note on Tuesday, February 20th. ValuEngine downgraded shares of Hudson Technologies from a “buy” rating to a “hold” rating in a research note on Wednesday, January 3rd. Finally, B. Riley reiterated a “hold” rating and issued a $7.50 target price on shares of Hudson Technologies in a research note on Tuesday, November 7th. One analyst has rated the stock with a sell rating, three have given a hold rating and one has given a buy rating to the company’s stock. Hudson Technologies has an average rating of “Hold” and an average price target of $9.25.
Hudson Technologies (HDSN) opened at $6.07 on Wednesday. The firm has a market capitalization of $255.18, a PE ratio of 18.97, a PEG ratio of 0.58 and a beta of 1.05. Hudson Technologies has a 1-year low of $5.40 and a 1-year high of $10.40.
Large investors have recently modified their holdings of the stock. Teachers Advisors LLC acquired a new stake in Hudson Technologies in the 2nd quarter valued at about $551,000. Parthenon LLC lifted its position in Hudson Technologies by 72.5% during the third quarter. Parthenon LLC now owns 48,296 shares of the industrial products company’s stock worth $377,000 after acquiring an additional 20,296 shares during the last quarter. Schwab Charles Investment Management Inc. acquired a new stake in Hudson Technologies during the second quarter worth approximately $505,000. The Manufacturers Life Insurance Company lifted its position in Hudson Technologies by 1,360.3% during the second quarter. The Manufacturers Life Insurance Company now owns 32,069 shares of the industrial products company’s stock worth $271,000 after acquiring an additional 29,873 shares during the last quarter. Finally, OxFORD Asset Management LLP acquired a new stake in Hudson Technologies during the third quarter worth approximately $3,866,000. Institutional investors and hedge funds own 81.72% of the company’s stock.
About Hudson Technologies
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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