Clean Diesel Technologies Inc. (CDTI) Trading 33.3% Higher
Clean Diesel Technologies Inc. (NASDAQ:CDTI) shares traded up 33.3% during mid-day trading on Tuesday . The company traded as high as $3.44 and last traded at $3.12, with a volume of 586,629 shares traded. The stock had previously closed at $2.34.
Separately, Roth Capital restated a “neutral” rating and set a $0.40 price objective on shares of Clean Diesel Technologies in a report on Wednesday, July 6th. One investment analyst has rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and an average price target of $2.28.
The firm has a 50-day moving average price of $2.14 and a 200 day moving average price of $2.87. The firm’s market capitalization is $13.32 million.
Clean Diesel Technologies (NASDAQ:CDTI) last released its quarterly 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 quarter in the prior year, the company posted ($0.21) EPS. The company earned $9.70 million during the quarter, compared to analyst estimates of $8.77 million. Equities research analysts expect that Clean Diesel Technologies Inc. will post ($1.17) EPS 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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