Lake Street Capital Comments on Clean Diesel Technologies Inc.’s Q1 2017 Earnings (CDTI)
Clean Diesel Technologies Inc. (NASDAQ:CDTI) – Stock analysts at Lake Street Capital issued their Q1 2017 earnings per share estimates for Clean Diesel Technologies in a report released on Tuesday. Lake Street Capital analyst R. Brown forecasts that the brokerage will post earnings of $0.01 per share for the quarter. Lake Street Capital currently has a “Buy” rating and a $6.00 target price on the stock. Lake Street Capital also issued estimates for Clean Diesel Technologies’ Q2 2017 earnings at ($0.01) EPS, Q1 2018 earnings at $0.00 EPS and Q2 2018 earnings at $0.03 EPS.
Separately, Roth Capital restated a “neutral” rating and issued a $4.00 price objective (up from $2.00) on shares of Clean Diesel Technologies in a research report on Thursday, August 25th.
Clean Diesel Technologies (NASDAQ:CDTI) opened at 2.3799 on Wednesday. Clean Diesel Technologies has a 12 month low of $1.50 and a 12 month high of $8.30. The stock has a 50 day moving average of $3.08 and a 200 day moving average of $2.86. The firm’s market capitalization is $9.37 million.
Clean Diesel Technologies (NASDAQ:CDTI) last issued its earnings results on Monday, November 14th. The company reported ($2.45) EPS for the quarter, missing the consensus estimate of ($0.15) by $2.30. Clean Diesel Technologies had a negative net margin of 44.30% and a negative return on equity of 39,435.04%. During the same quarter last year, the firm earned ($0.65) earnings per share.
A hedge fund recently bought a new stake in Clean Diesel Technologies stock. KCG Holdings Inc. purchased a new stake in Clean Diesel Technologies Inc. (NASDAQ:CDTI) during the third quarter, according to its most recent filing with the SEC. The fund purchased 28,954 shares of the company’s stock, valued at approximately $105,000. KCG Holdings Inc. owned about 0.74% of Clean Diesel Technologies at the end of the most recent reporting period. Institutional investors and hedge funds own 10.24% of the company’s stock.
Clean Diesel Technologies Company Profile
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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