Clean Diesel Technol Stock Rating Reaffirmed by Zacks (CDTI)
Clean Diesel Technol (NASDAQ: CDTI)‘s stock had its “outperform” rating reaffirmed by Zacks in a research note issued on Friday. They currently have a $3.50 price target on the stock.
Zacks‘ analyst wrote, “Clean Diesel Technologies is a leading provider of pollution control solutions for gasoline and diesel engines. The company offers both OEM and after-market products on a worldwide basis. The company was formed by a merger in October 2010. Over the next three years significant on highway diesel vehicle pollution regulations will be implemented which will have a major impact on the company’s revenue and earnings. Off highway markets are also significant and are becoming important to Clean Diesel. “
Shares of Clean Diesel Technol (NASDAQ: CDTI) traded down 9.90% during mid-day trading on Friday, hitting $2.2165. Clean Diesel Technol has a 52 week low of $1.93 and a 52 week high of $4.63. The stock’s 50-day moving average is currently $2.44. The company’s market cap is $16.0 million.
Clean Diesel Technol (NASDAQ: CDTI) last posted its quarterly earnings results on Friday, March 15th. The company reported ($0.39) earnings per share for the quarter, missing the analysts’ consensus estimate of ($0.16) by $0.23. The company had revenue of $12.40 million for the quarter, compared to the consensus estimate of $17.40 million. During the same quarter last year, the company posted $0.06 earnings per share. Analysts expect that Clean Diesel Technol will post $-1.10 EPS for the current fiscal year.
Clean Diesel Technologies, Inc. (Clean Diesel), along with its business combination with Catalytic Solutions, Inc.
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