Clean Diesel Technologies Inc. (CDTI) Announces Earnings Results
Clean Diesel Technologies Inc. (NASDAQ:CDTI) issued its earnings results on Monday. The company reported ($2.45) earnings per share for the quarter, missing the Zacks’ consensus estimate of ($0.15) by $2.30. Clean Diesel Technologies had a negative net margin of 12.23% and a negative return on equity of 1,407.64%. During the same period in the prior year, the business earned ($0.65) EPS.
Clean Diesel Technologies (NASDAQ:CDTI) opened at 2.30 on Wednesday. Clean Diesel Technologies has a 52-week low of $1.50 and a 52-week high of $8.30. The stock has a 50 day moving average price of $3.12 and a 200 day moving average price of $2.87. The company’s market capitalization is $9.06 million.
A hedge fund recently bought a new stake in Clean Diesel Technologies stock. KCG Holdings Inc. bought a new position in Clean Diesel Technologies Inc. (NASDAQ:CDTI) during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm bought 28,954 shares of the company’s stock, valued at approximately $105,000. KCG Holdings Inc. owned approximately 0.74% of Clean Diesel Technologies at the end of the most recent quarter. Institutional investors own 10.24% of the company’s stock.
A number of brokerages have weighed in on CDTI. Lake Street Capital decreased their target price on Clean Diesel Technologies from $10.00 to $6.00 and set a “buy” rating for the company in a research report on Tuesday. Roth Capital reaffirmed a “neutral” rating and set a $4.00 target price (up from $2.00) on shares of Clean Diesel Technologies in a research report on Thursday, August 25th.
About Clean Diesel Technologies
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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