Aduro Clean Technologies (NASDAQ:ADUR) Shares Gap Down – Time to Sell?

Aduro Clean Technologies Inc. (NASDAQ:ADUR) gapped down before the market opened on Wednesday . The stock had previously closed at $16.88, but opened at $15.44. Aduro Clean Technologies shares last traded at $15.78, with a volume of 215,776 shares trading hands.

Wall Street Analyst Weigh In

A number of research analysts recently issued reports on the stock. Wall Street Zen raised shares of Aduro Clean Technologies from a “strong sell” rating to a “sell” rating in a research report on Sunday, May 31st. D. Boral Capital restated a “buy” rating and set a $46.00 price objective on shares of Aduro Clean Technologies in a research note on Friday, April 10th. LADENBURG THALM/SH SH upgraded shares of Aduro Clean Technologies to a “strong-buy” rating in a research note on Wednesday, May 6th. Finally, Weiss Ratings restated a “sell (d-)” rating on shares of Aduro Clean Technologies in a research note on Monday, April 20th. One analyst has rated the stock with a Strong Buy rating, two have given a Buy rating, one has given a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat.com, Aduro Clean Technologies has an average rating of “Moderate Buy” and a consensus target price of $29.00.

Aduro Clean Technologies Price Performance

The business’s 50 day moving average price is $13.00 and its 200 day moving average price is $12.36. The stock has a market capitalization of $528.76 million, a P/E ratio of -35.52 and a beta of 3.15.

Institutional Trading of Aduro Clean Technologies

Large investors have recently made changes to their positions in the stock. Longview Financial Advisors Inc. bought a new stake in shares of Aduro Clean Technologies in the first quarter worth approximately $28,000. Wells Fargo & Company MN grew its stake in shares of Aduro Clean Technologies by 800.0% in the fourth quarter. Wells Fargo & Company MN now owns 2,700 shares of the company’s stock worth $28,000 after acquiring an additional 2,400 shares during the period. Raymond James Financial Inc. purchased a new position in shares of Aduro Clean Technologies in the second quarter worth approximately $44,000. Virtu Financial LLC purchased a new position in shares of Aduro Clean Technologies in the fourth quarter worth approximately $112,000. Finally, Bank of America Corp DE purchased a new position in shares of Aduro Clean Technologies in the first quarter worth approximately $123,000.

About Aduro Clean Technologies

Aduro Clean Technologies, Inc is a development?stage clean energy company that designs, develops and seeks to commercialize modular process systems for the production and purification of hydrogen. Listed on the Nasdaq under the ticker ADUR, the company focuses on low?emission solutions to support the emerging hydrogen economy, including renewable fuel applications, energy storage and industrial gas supply. Aduro Clean Technologies aims to address the growing demand for high?purity hydrogen across mobility, power generation and chemical processing sectors.

The company’s core technologies include its H2-Conductor platform, a membrane?based system engineered to separate and purify hydrogen from mixed gas streams, and its H2-Integrate suite of modular reactors capable of producing hydrogen from various feedstocks.