Clean Diesel Technologies Inc. (CDTI) Sees Unusually-High Trading Volume
Shares of Clean Diesel Technologies Inc. (NASDAQ:CDTI) saw unusually-strong trading volume on Wednesday . Approximately 2,354,794 shares traded hands during mid-day trading, an increase of 538% from the previous session’s volume of 369,362 shares.The stock last traded at $3.65 and had previously closed at $3.35.
Separately, Roth Capital reduced their target price on Clean Diesel Technologies from $1.50 to $0.75 and set a “neutral” rating for the company in a research report 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 stock presently has a consensus rating of “Buy” and an average target price of $2.28.
The stock’s 50-day moving average price is $2.14 and its 200 day moving average price is $2.87. The company’s market capitalization is $73.06 million.
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 quarter in the previous year, the firm earned ($0.21) earnings per share. The company earned $9.70 million during the quarter, compared to analyst estimates of $8.77 million. Equities analysts anticipate 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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