Clean Diesel Technologies Inc. (CDTI) Trading 4.5% Higher
Shares of Clean Diesel Technologies Inc. (NASDAQ:CDTI) traded up 4.5% during mid-day trading on Thursday . The stock traded as high as $3.75 and last traded at $3.75, with a volume of 66,610 shares traded. The stock had previously closed at $3.59.
Separately, Roth Capital decreased their price objective 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 research analyst has rated the stock with a hold rating and four have given a buy rating to the company’s stock. The stock currently has an average rating of “Buy” and a consensus target price of $2.28.
The company’s market capitalization is $14.77 million. The firm’s 50 day moving average is $2.47 and its 200-day moving average is $2.89.
Clean Diesel Technologies (NASDAQ:CDTI) last released its quarterly earnings results on Friday, May 13th. The company reported ($0.15) earnings per share for the quarter, missing the consensus estimate of ($0.10) by $0.05. During the same period in the previous year, the business posted ($0.21) EPS. The company had revenue of $9.70 million for the quarter, compared to analysts’ expectations of $8.77 million. On average, analysts expect 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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