Hudson Technologies, Inc. (NASDAQ:HDSN) has been given a consensus recommendation of “Hold” by the six research firms that are currently covering the firm, MarketBeat.com reports. One analyst has rated the stock with a sell rating, three have assigned a hold rating and one has issued a buy rating on the company. The average 1 year price target among brokerages that have issued a report on the stock in the last year is $9.25.
HDSN has been the topic of a number of recent research reports. B. Riley reaffirmed a “hold” rating and set a $7.50 price target on shares of Hudson Technologies in a research report on Tuesday, November 7th. ValuEngine lowered shares of Hudson Technologies from a “buy” rating to a “hold” rating in a research report on Wednesday, January 3rd. BidaskClub raised shares of Hudson Technologies from a “strong sell” rating to a “sell” rating in a research report on Friday, January 26th. Finally, Zacks Investment Research raised shares of Hudson Technologies from a “sell” rating to a “hold” rating in a research report on Wednesday, January 10th.
Hudson Technologies (NASDAQ:HDSN) opened at $6.13 on Tuesday. Hudson Technologies has a 1 year low of $5.40 and a 1 year high of $10.40. The company has a market cap of $257.70, a PE ratio of 19.16, a P/E/G ratio of 0.59 and a beta of 1.05.
In other Hudson Technologies news, Director Richard Parrillo purchased 10,000 shares of the stock in a transaction that occurred on Friday, December 15th. The shares were acquired at an average cost of $5.80 per share, with a total value of $58,000.00. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. 18.00% of the stock is currently owned by company insiders.
A number of large investors have recently added to or reduced their stakes in HDSN. DnB Asset Management AS increased its position in Hudson Technologies by 193.9% during the fourth quarter. DnB Asset Management AS now owns 2,735,040 shares of the industrial products company’s stock worth $16,602,000 after acquiring an additional 1,804,316 shares during the period. Cooper Creek Partners Management LLC grew its stake in Hudson Technologies by 92.4% during the fourth quarter. Cooper Creek Partners Management LLC now owns 2,429,182 shares of the industrial products company’s stock worth $14,745,000 after buying an additional 1,166,720 shares in the last quarter. OxFORD Asset Management LLP acquired a new stake in Hudson Technologies during the third quarter worth about $3,866,000. ArrowMark Colorado Holdings LLC grew its stake in Hudson Technologies by 24.3% during the fourth quarter. ArrowMark Colorado Holdings LLC now owns 2,419,899 shares of the industrial products company’s stock worth $14,689,000 after buying an additional 472,409 shares in the last quarter. Finally, State Street Corp acquired a new stake in Hudson Technologies during the second quarter worth about $3,430,000. 81.72% of the stock is currently owned by institutional investors and hedge funds.
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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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