Hudson Technologies shares are trading lower after the company reported Q4 financial results. Also, B. Riley Securities maintained a Buy rating on the stock but lowered its price target from $17 to $16.
Portfolio Pulse from Benzinga Newsdesk
Hudson Technologies' shares dropped following the announcement of their Q4 financial results. Concurrently, B. Riley Securities reaffirmed a Buy rating on HDSN but reduced the price target from $17 to $16.
March 07, 2024 | 4:03 pm
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Hudson Technologies' stock price fell after Q4 earnings were announced, despite B. Riley Securities maintaining a Buy rating but lowering the price target.
The drop in Hudson Technologies' stock price is directly linked to the Q4 financial results, which likely did not meet investor expectations. Although B. Riley Securities maintained a Buy rating, the reduction in the price target from $17 to $16 could further influence investor sentiment negatively in the short term.
CONFIDENCE 85
IMPORTANCE 90
RELEVANCE 100