Clean Diesel Technologies Inc. (CDTI) Trading Down 3.4%
Clean Diesel Technologies Inc. (NASDAQ:CDTI) shares were down 3.4% on Tuesday . The stock traded as low as $3.65 and last traded at $3.67, with a volume of 56,437 shares. The stock had previously closed at $3.80.
Separately, Roth Capital restated a “neutral” rating and set a $4.00 price objective (up from $2.00) on shares of Clean Diesel Technologies in a research note on Thursday, August 25th. One analyst has rated the stock with a hold rating and four have issued a buy rating to the stock. Clean Diesel Technologies currently has a consensus rating of “Buy” and an average price target of $3.00.
The company’s 50-day moving average price is $3.48 and its 200 day moving average price is $2.92. The company’s market cap is $14.26 million.
Clean Diesel Technologies (NASDAQ:CDTI) last posted its quarterly earnings results on Monday, August 15th. The company reported $0.13 EPS for the quarter, topping analysts’ consensus estimates of ($0.47) by $0.60. The company earned $8.40 million during the quarter, compared to analyst estimates of $9.19 million. During the same quarter in the previous year, the business posted ($0.80) earnings per share. Equities research analysts forecast that Clean Diesel Technologies Inc. will post ($4.90) earnings per share for the current year.
Clean Diesel Technologies, Inc commercializes its material technology by manufacturing and distributing light duty vehicle catalysts, and heavy duty diesel emissions control systems and products to automakers, distributors, integrators and retrofitters. The Company operates through two business division segments: Catalyst, which develops and produces catalysts to reduce emissions from gasoline, diesel and natural gas combustion engines, and Heavy Duty Diesel Systems, which designs and manufactures verified exhaust emissions control solutions for a range of heavy duty diesel applications.
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