Hudson Technologies (NASDAQ:HDSN) had its price objective reduced by B. Riley from $7.50 to $6.50 in a report released on Tuesday morning, Marketbeat Ratings reports. They currently have a neutral rating on the industrial products company’s stock. B. Riley also issued estimates for Hudson Technologies’ Q4 2017 earnings at ($0.09) EPS, FY2017 earnings at $0.29 EPS, Q1 2018 earnings at $0.12 EPS, Q2 2018 earnings at $0.24 EPS, Q2 2018 earnings at $0.30 EPS, Q3 2018 earnings at $0.07 EPS, Q4 2018 earnings at ($0.09) EPS, FY2018 earnings at $0.35 EPS, FY2019 earnings at $0.47 EPS and FY2019 earnings at $0.51 EPS.
Other analysts have also recently issued reports about the stock. ValuEngine upgraded shares of Hudson Technologies from a hold rating to a buy rating in a research note on Wednesday, December 20th. BidaskClub upgraded shares of Hudson Technologies from a sell rating to a hold rating in a research note on Tuesday. Finally, Zacks Investment Research upgraded shares of Hudson Technologies from a sell rating to a hold rating in a research note on Tuesday, February 20th. One equities research analyst has rated the stock with a sell rating, three have given a hold rating and two have assigned a buy rating to the company. The stock currently has an average rating of Hold and a consensus price target of $7.75.
Shares of Hudson Technologies (HDSN) opened at $5.43 on Tuesday. Hudson Technologies has a 12 month low of $5.37 and a 12 month high of $10.40. The company has a market cap of $233.74, a P/E ratio of 17.06, a price-to-earnings-growth ratio of 0.62 and a beta of 1.04.
In other news, Director Richard Parrillo bought 10,000 shares of the firm’s 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 transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Insiders own 18.00% of the company’s stock.
Several institutional investors and hedge funds have recently bought and sold shares of HDSN. Teachers Advisors LLC acquired a new position in shares of Hudson Technologies in the 2nd quarter valued at $551,000. TIAA CREF Investment Management LLC acquired a new position in shares of Hudson Technologies in the 2nd quarter valued at $832,000. Ameriprise Financial Inc. lifted its stake in shares of Hudson Technologies by 13.2% in the 2nd quarter. Ameriprise Financial Inc. now owns 17,325 shares of the industrial products company’s stock valued at $146,000 after purchasing an additional 2,025 shares during the period. Nationwide Fund Advisors acquired a new position in shares of Hudson Technologies in the 2nd quarter valued at $234,000. Finally, Northern Trust Corp lifted its stake in shares of Hudson Technologies by 103.3% in the 2nd quarter. Northern Trust Corp now owns 172,487 shares of the industrial products company’s stock valued at $1,457,000 after purchasing an additional 87,624 shares during the period. Hedge funds and other institutional investors own 77.84% 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.
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