Hudson Technologies (NASDAQ:HDSN) Receives “Neutral” Rating from B. Riley

B. Riley reiterated their neutral rating on shares of Hudson Technologies (NASDAQ:HDSN) in a research report sent to investors on Tuesday morning, Benzinga reports. B. Riley currently has a $7.25 price objective on the industrial products company’s stock, down from their previous price objective of $8.50. B. Riley also issued estimates for Hudson Technologies’ Q4 2024 earnings at $0.00 EPS and FY2024 earnings at $0.57 EPS.

HDSN has been the topic of several other research reports. Canaccord Genuity Group cut their price objective on Hudson Technologies from $8.75 to $8.00 and set a “hold” rating on the stock in a report on Tuesday. Craig Hallum lowered shares of Hudson Technologies from a “buy” rating to a “hold” rating and decreased their price objective for the stock from $10.00 to $7.00 in a research note on Tuesday. Finally, Roth Mkm lowered Hudson Technologies from a “buy” rating to a “neutral” rating and reduced their target price for the company from $12.00 to $7.00 in a report on Tuesday. Six investment analysts have rated the stock with a hold rating, According to data from MarketBeat, Hudson Technologies currently has an average rating of “Hold” and an average price target of $7.85.

Hudson Technologies Trading Down 22.0 %

Shares of NASDAQ HDSN opened at $5.92 on Tuesday. Hudson Technologies has a twelve month low of $5.67 and a twelve month high of $15.24. The firm has a 50-day moving average of $7.93 and a two-hundred day moving average of $8.58. The company has a market capitalization of $269.48 million, a price-to-earnings ratio of 7.69, a PEG ratio of 0.42 and a beta of 1.22.

Hudson Technologies (NASDAQ:HDSN) last issued its earnings results on Monday, November 4th. The industrial products company reported $0.17 earnings per share for the quarter, topping analysts’ consensus estimates of $0.16 by $0.01. Hudson Technologies had a net margin of 14.00% and a return on equity of 16.65%. The firm had revenue of $61.94 million during the quarter, compared to analysts’ expectations of $64.92 million. During the same period last year, the firm posted $0.34 earnings per share. As a group, research analysts predict that Hudson Technologies will post 0.58 earnings per share for the current year.

Institutional Investors Weigh In On Hudson Technologies

Several institutional investors have recently made changes to their positions in the company. nVerses Capital LLC bought a new position in Hudson Technologies during the third quarter valued at approximately $28,000. Point72 DIFC Ltd acquired a new position in shares of Hudson Technologies during the 2nd quarter worth $55,000. Quest Partners LLC raised its holdings in shares of Hudson Technologies by 121.5% during the 2nd quarter. Quest Partners LLC now owns 7,905 shares of the industrial products company’s stock valued at $69,000 after purchasing an additional 4,336 shares in the last quarter. Bleakley Financial Group LLC acquired a new stake in shares of Hudson Technologies in the 3rd quarter valued at $96,000. Finally, Creative Planning bought a new stake in Hudson Technologies in the third quarter worth $106,000. 71.34% of the stock is currently owned by institutional investors and hedge funds.

Hudson Technologies Company Profile

Hudson Technologies, Inc, through its subsidiary, Hudson Technologies Company, engages in the provision of solutions to recurring problems within the refrigeration industry in the United States. The company engages in the sale of refrigerant and industrial gas; provision of refrigerant management services consisting primarily of reclamation of refrigerants, re-usable cylinder refurbishment, and hydrostatic testing services; and RefrigerantSide services comprising system decontamination and recovery to remove moisture, oils, and other contaminants.