Clean Diesel Technologies Inc. (CDTI) Reaches New 1-Year High at $2.44
Clean Diesel Technologies Inc. (NASDAQ:CDTI) reached a new 52-week high during trading on Monday . The company traded as high as $2.44 and last traded at $2.28, with a volume of 125,505 shares changing hands. The stock had previously closed at $0.53.
Separately, Roth Capital reiterated a “neutral” rating and set a $0.40 price target on shares of Clean Diesel Technologies in a report on Wednesday, July 6th. One equities research analyst has rated the stock with a hold rating and four have issued a buy rating to the stock. Clean Diesel Technologies currently has a consensus rating of “Buy” and a consensus target price of $2.28.
The firm’s market cap is $65.27 million. The firm has a 50 day moving average price of $2.08 and a 200-day moving average price of $2.86.
Clean Diesel Technologies (NASDAQ:CDTI) last posted its earnings results on Friday, May 13th. The company reported ($0.15) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.10) by $0.05. During the same period in the previous year, the business posted ($0.21) earnings per share. The company had revenue of $9.70 million for the quarter, compared to analysts’ expectations of $8.77 million. On average, analysts anticipate that Clean Diesel Technologies Inc. will post ($1.17) earnings per share for the current fiscal year.
Clean Diesel Technologies, Inc is a global manufacturer and distributor of heavy duty diesels and light duty vehicle emissions control systems and products to automakers and retrofitters. The Company operates in two segments: Heavy Duty Diesel Systems division and Catalyst division. The Company’s Heavy Duty Diesel Systems division specializes in the design and manufacture of verified exhaust emissions control solutions.
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