Clean Diesel Technologies Inc. (CDTI) Shares Down 3.7%
Shares of Clean Diesel Technologies Inc. (NASDAQ:CDTI) traded down 3.7% on Friday . The company traded as low as $3.65 and last traded at $3.65, with a volume of 53,130 shares changing hands. The stock had previously closed at $3.79.
Separately, Roth Capital lowered their price objective 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 investment analyst has rated the stock with a hold rating and four have issued a buy rating to the company. The stock presently has an average rating of “Buy” and a consensus price target of $2.28.
The stock’s market capitalization is $14.61 million. The company has a 50 day moving average price of $2.53 and a 200 day moving average price of $2.90.
Clean Diesel Technologies (NASDAQ:CDTI) last released its quarterly earnings results on Friday, May 13th. The company reported ($0.15) earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.10) by $0.05. The company earned $9.70 million during the quarter, compared to analyst estimates of $8.77 million. During the same period in the previous year, the business earned ($0.21) EPS. Equities research 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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