Clean Diesel Technologies, Inc. (CDTI) Given a $2.00 Price Target at Roth Capital
Roth Capital set a $2.00 price target on Clean Diesel Technologies, Inc. (NASDAQ:CDTI) in a report released on Sunday. The brokerage currently has a hold rating on the basic materials company’s stock.
Several other equities research analysts also recently weighed in on CDTI. Cowen and Company restated an outperform rating and set a $4.00 price target (up previously from $3.50) on shares of Clean Diesel Technologies in a report on Wednesday, May 17th. ValuEngine downgraded Clean Diesel Technologies from a hold rating to a sell rating in a report on Thursday, July 13th.
Shares of Clean Diesel Technologies (NASDAQ:CDTI) traded up 4.41% during midday trading on Friday, reaching $2.13. The company had a trading volume of 232,454 shares. The company’s 50 day moving average price is $2.29 and its 200-day moving average price is $2.67. Clean Diesel Technologies has a 52 week low of $1.52 and a 52 week high of $5.21. The company’s market capitalization is $33.50 million.
Clean Diesel Technologies (NASDAQ:CDTI) last issued its quarterly earnings results on Monday, August 14th. The basic materials company reported ($0.02) earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.07) by $0.05. Clean Diesel Technologies had a negative return on equity of 116.29% and a negative net margin of 72.31%. The company had revenue of $8.40 million for the quarter, compared to the consensus estimate of $8.10 million. During the same quarter in the prior year, the business earned $0.35 EPS. On average, equities research analysts predict that Clean Diesel Technologies will post ($0.34) earnings per share for the current fiscal year.
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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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