Hudson Technologies, Inc. (HDSN) Given Consensus Rating of “Hold” by Analysts

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.

Hudson Technologies (NASDAQ:HDSN) last released its quarterly earnings results on Wednesday, December 5th. The industrial products company reported ($0.01) earnings per share for the quarter, missing the consensus estimate of $0.17 by ($0.18). The firm had revenue of $40.55 million for the quarter, compared to analysts’ expectations of $51.53 million. Hudson Technologies had a negative net margin of 30.62% and a negative return on equity of 3.77%. On average, equities research analysts anticipate that Hudson Technologies will post 0.05 earnings per share for the current year.

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.

Featured Article: How to find the components of the quick ratio

Receive News & Ratings for Hudson Technologies Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Hudson Technologies and related companies with MarketBeat.com's FREE daily email newsletter.



Comments

Leave a Reply


share news on Facebook
tweet this investment news
share on linkedin
share on StockTwits
share on reddit