Clean Diesel Technologies Inc. (CDTI) Shares Down 10.4%
Clean Diesel Technologies Inc. (NASDAQ:CDTI) traded down 10.4% during mid-day trading on Thursday . The company traded as low as $3.32 and last traded at $3.36, with a volume of 324,322 shares trading hands. The stock had previously closed at $3.75.
Separately, Roth Capital cut their target price 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 equities research analyst has rated the stock with a hold rating and four have issued a buy rating to the stock. The stock has a consensus rating of “Buy” and an average price target of $2.28.
The company’s market cap is $14.42 million. The firm’s 50 day moving average price is $2.24 and its 200 day moving average price is $2.87.
Clean Diesel Technologies (NASDAQ:CDTI) last issued its quarterly earnings results 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. The business earned $9.70 million during the quarter, compared to the consensus estimate of $8.77 million. During the same quarter in the prior year, the company posted ($0.21) earnings per share. On average, equities analysts predict 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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