Clean Diesel Technologies Inc. (CDTI) Stock Price Up 33.3%
Clean Diesel Technologies Inc. (NASDAQ:CDTI) shares rose 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 changing hands. The stock had previously closed at $2.34.
Separately, Roth Capital cut their target price on shares of Clean Diesel Technologies from $1.50 to $0.75 and set a “neutral” rating for the company in a research note on Thursday, April 14th. One equities research analyst has rated the stock with a hold rating and four have assigned a buy rating to the stock. The company presently has a consensus rating of “Buy” and an average price target of $2.28.
The stock’s market capitalization is $65.27 million. The stock’s 50-day moving average price is $2.03 and its 200-day moving average price is $2.87.
Clean Diesel Technologies (NASDAQ:CDTI) last announced its quarterly earnings data on Friday, May 13th. The company reported ($0.15) EPS for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.10) by $0.05. During the same quarter last year, the business earned ($0.21) earnings per share. The company had revenue of $9.70 million for the quarter, compared to the consensus estimate of $8.77 million. On average, equities analysts forecast 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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