Clean Diesel Technologies, Inc. (NASDAQ:CDTI) Hits New 52-Week Low at $1.60
Clean Diesel Technologies, Inc. (NASDAQ:CDTI) shares hit a new 52-week low on Thursday . The stock traded as low as $1.60 and last traded at $1.54, with a volume of 106,757 shares trading hands. The stock had previously closed at $1.72.
Several brokerages have recently weighed in on CDTI. Cowen and Company set a $4.00 target price on shares of Clean Diesel Technologies and gave the company a “buy” rating in a research note on Friday, July 21st. ValuEngine downgraded shares of Clean Diesel Technologies from a “hold” rating to a “sell” rating in a research note on Thursday, July 13th. Finally, Roth Capital restated a “neutral” rating and issued a $2.50 target price (up from $2.10) on shares of Clean Diesel Technologies in a research note on Wednesday, April 19th.
The company’s market cap is $24.18 million. The company’s 50-day moving average price is $2.47 and its 200-day moving average price is $2.70.
Clean Diesel Technologies (NASDAQ:CDTI) last announced its earnings results on Monday, May 15th. The basic materials company reported ($0.19) earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of ($0.11) by $0.08. Clean Diesel Technologies had a negative return on equity of 167.10% and a negative net margin of 67.54%. The company had revenue of $8.21 million for the quarter, compared to the consensus estimate of $9.95 million. During the same period last year, the firm posted ($0.75) EPS. Analysts predict that Clean Diesel Technologies, Inc. will post ($0.37) earnings per share for the current fiscal year.
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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