Cowen and Company Reaffirms “Outperform” Rating for Clean Diesel Technologies, Inc. (CDTI)
Clean Diesel Technologies, Inc. (NASDAQ:CDTI)‘s stock had its “outperform” rating reiterated by equities researchers at Cowen and Company in a report released on Tuesday. They currently have a $4.00 price objective on the basic materials company’s stock. Cowen and Company’s price objective would suggest a potential upside of 156.41% from the stock’s previous close.
A number of other research analysts have also commented on the company. Roth Capital set a $3.00 target price on Clean Diesel Technologies and gave the company a “hold” rating in a research note on Monday, April 17th. ValuEngine lowered Clean Diesel Technologies from a “hold” rating to a “sell” rating in a research note on Thursday, July 13th.
Clean Diesel Technologies (NASDAQ:CDTI) traded down 3.70% during mid-day trading on Tuesday, reaching $1.56. 108,451 shares of the company’s stock traded hands. Clean Diesel Technologies has a 12 month low of $1.52 and a 12 month high of $5.21. The firm’s 50-day moving average price is $2.34 and its 200 day moving average price is $2.68. The stock’s market capitalization is $24.50 million.
Clean Diesel Technologies (NASDAQ:CDTI) last posted its quarterly earnings data on Monday, August 14th. The basic materials company reported ($0.02) earnings per share for the quarter, beating the consensus estimate of ($0.07) by $0.05. 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 $8.40 million during the quarter, compared to analysts’ expectations of $8.10 million. During the same period in the prior year, the business earned $0.35 earnings per share. Equities research analysts predict that Clean Diesel Technologies will post ($0.37) EPS for the current 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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