Hudson Tech Gets a Hold Rating from B.Riley FBR

In a report released today, Sarkis Sherbetchyan from B.Riley FBR maintained a Hold rating on Hudson Tech (NASDAQ: HDSN), with a price target of $6. The company’s shares opened today at $4.16, close to its 52-week low of $3.65.

Sherbetchyan said:

“Neutral-rated Hudson Technologies (HDSN; $6 PT) reports 1Q18 (Mar) results after the market close on and will host its quarterly earnings conference call at 5:00PM ET on the same date (dial-in: We forecast revenues/adjusted $46M/$5.8M/$0.02, compared to the consensus $44M/$5.9M/$0.01, respectively. HDSN’s 1Q18 outlook called for revenues of $44M-$48M and adjusted EPS $0.01-$0.02. Given the unusually cold weather across most of the U.S., HDSN’s 1Q operating performance might come in below management’s guidance and expectations—especially in light of the prior earnings conference call commentary on customers purchasing inventory on a “just-in-time” manner, compared to stocking ahead of the selling season.”

According to TipRanks.com, Sherbetchyan is a 4-star analyst with an average return of 14.0% and a 69.4% success rate. Sherbetchyan covers the Consumer Goods sector, focusing on stocks such as Lightpath Technologies, Vishay Precision Group, and S&W Seed Company.

Hudson Tech has an analyst consensus of Moderate Buy, with a price target consensus of $7.50.

See today’s analyst top recommended stocks >>

Based on Hudson Tech’s latest earnings release for the quarter ending December 31, the company reported a quarterly GAAP net loss of $5.21 million. In comparison, last year the company had a net profit of $5.73 million.

Based on the recent corporate insider activity of 24 insiders, corporate insider sentiment is positive on the stock. This means that over the past quarter there has been an increase of insiders buying their shares of HDSN in relation to earlier this year.

TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.

Hudson Technologies, Inc. operates as a refrigerant services company, which provides solutions to recurring problems within the refrigeration industry. Its products and services are used in commercial air conditioning, industrial processing and refrigeration systems, which include refrigerant sales; refrigerant management services consisting primarily of reclamation of refrigerants; and Refrigerant Side services performed at the customer’s site to remove moisture, oils and other contaminants. It also offers predictive and diagnostic services through the Chiller Chemistry and Chill Smart brands. The company was founded by Stephen P. Mandracchia and Kevin J. Zugibe on January 11, 1991 and is headquartered in Pearl River, NY.