Clean Diesel Technologies Inc. (CDTI) Trading Down 3.7%
Clean Diesel Technologies Inc. (NASDAQ:CDTI) shares dropped 3.7% during trading on Friday . The company traded as low as $3.65 and last traded at $3.65, with a volume of 53,130 shares trading hands. The stock had previously closed at $3.79.
Separately, Roth Capital dropped their price objective on Clean Diesel Technologies from $1.50 to $0.75 and set a “neutral” rating on the stock in a research note on Thursday, April 14th. One research analyst has rated the stock with a hold rating and four have given a buy rating to the stock. The company currently has a consensus rating of “Buy” and a consensus price target of $2.28.
The stock has a 50-day moving average of $2.53 and a 200 day moving average of $2.90. The stock’s market cap is $14.61 million.
Clean Diesel Technologies (NASDAQ:CDTI) last released its earnings results on Friday, May 13th. The company reported ($0.15) earnings per share for the quarter, missing the Zacks’ consensus estimate of ($0.10) by $0.05. The business had revenue of $9.70 million for the quarter, compared to analyst estimates of $8.77 million. During the same quarter last year, the business earned ($0.21) earnings per share. Equities analysts expect that Clean Diesel Technologies Inc. will post ($1.17) EPS for the current 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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