Shares of Hudson Technologies, Inc. (NASDAQ:HDSN) have been given a consensus rating of “Hold” by the six analysts that are currently covering the stock, MarketBeat Ratings reports. One investment 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 average 1-year price target among brokers that have issued a report on the stock in the last year is $4.00.
HDSN has been the subject of several research analyst reports. TheStreet cut Hudson Technologies from a “c-” rating to a “d” rating in a report on Tuesday, December 4th. ValuEngine upgraded Hudson Technologies from a “sell” rating to a “hold” rating in a report on Friday, December 7th. Roth Capital restated a “buy” rating on shares of Hudson Technologies in a report on Tuesday, November 13th. Finally, Zacks Investment Research cut Hudson Technologies from a “hold” rating to a “strong sell” rating in a report on Thursday, December 6th.
Shares of NASDAQ:HDSN traded up $0.26 during trading on Friday, hitting $1.70. 928,400 shares of the company’s stock were exchanged, compared to its average volume of 143,257. The company has a current ratio of 2.09, a quick ratio of 0.44 and a debt-to-equity ratio of 1.30. Hudson Technologies has a 52-week low of $0.70 and a 52-week high of $5.80.
Institutional investors have recently made changes to their positions in the company. Bank of New York Mellon Corp boosted its holdings in shares of Hudson Technologies by 276.7% in the 4th quarter. Bank of New York Mellon Corp now owns 96,175 shares of the industrial products company’s stock worth $86,000 after purchasing an additional 70,646 shares during the period. Thompson Investment Management Inc. boosted its holdings in shares of Hudson Technologies by 123.6% in the 3rd quarter. Thompson Investment Management Inc. now owns 145,325 shares of the industrial products company’s stock worth $186,000 after purchasing an additional 80,325 shares during the period. Weber Alan W purchased a new position in shares of Hudson Technologies in the 4th quarter worth approximately $273,000. Norges Bank purchased a new position in shares of Hudson Technologies in the 4th quarter worth approximately $351,000. Finally, Virginia National Bank purchased a new position in shares of Hudson Technologies in the 3rd quarter worth approximately $635,000. Hedge funds and other institutional investors own 69.34% of the company’s stock.
Hudson Technologies Company Profile
Hudson Technologies Inc operates as a refrigerant services company in the United States and internationally. It sells reclaimed and virgin refrigerants, and industrial gases; provides refrigerant management services, such as reclamation of refrigerants and laboratory testing, as well as re-usable cylinder refurbishment and hydrostatic testing.
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