Hudson Technologies (NASDAQ:HDSN) was upgraded by research analysts at BidaskClub from a “strong sell” rating to a “sell” rating in a research note issued on Thursday.
A number of other brokerages have also issued reports on HDSN. ValuEngine lowered shares of Hudson Technologies from a “buy” rating to a “hold” rating in a research note on Wednesday, January 3rd. Zacks Investment Research raised shares of Hudson Technologies from a “sell” rating to a “hold” rating in a research note on Wednesday, January 10th. Finally, B. Riley reissued a “hold” rating and set a $7.50 target price on shares of Hudson Technologies in a research note on Tuesday, November 7th. One research analyst has rated the stock with a sell rating, three have assigned a hold rating and one has assigned a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and a consensus target price of $9.25.
Hudson Technologies (NASDAQ HDSN) opened at $6.14 on Thursday. Hudson Technologies has a 1 year low of $5.40 and a 1 year high of $10.40. The firm has a market cap of $258.12, a price-to-earnings ratio of 19.19, a price-to-earnings-growth ratio of 0.59 and a beta of 1.05.
In related news, Director Richard Parrillo bought 10,000 shares of the stock in a transaction dated Friday, December 15th. The stock was purchased at an average cost of $5.80 per share, with a total value of $58,000.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 18.00% of the stock is currently owned by insiders.
Institutional investors and hedge funds have recently modified their holdings of the company. Stone Ridge Asset Management LLC purchased a new stake in shares of Hudson Technologies during the fourth quarter valued at $127,000. Voya Investment Management LLC purchased a new stake in shares of Hudson Technologies during the second quarter valued at $131,000. Two Sigma Advisers LP purchased a new stake in shares of Hudson Technologies during the fourth quarter valued at $136,000. Boothbay Fund Management LLC purchased a new stake in shares of Hudson Technologies during the third quarter valued at $144,000. Finally, Ameriprise Financial Inc. boosted its stake in shares of Hudson Technologies by 13.2% during the second 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. 81.72% of the stock is owned by hedge funds and other institutional investors.
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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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