Aduro Clean Technologies Inc. (ADUR) – What Are Researchers Thinking About This Stock?

Aduro Clean Technologies Inc. (NASDAQ:ADUR) has received a consensus rating of “Moderate Buy” from the six brokerages that are presently covering the company, Marketbeat reports. Two equities research analysts have rated the stock with a sell rating, three have given a buy rating and one has given a strong buy rating to the company. The average 12-month price objective among analysts that have issued ratings on the stock in the last year is $29.25.

Several analysts have commented on ADUR shares. Wall Street Zen raised shares of Aduro Clean Technologies from a “strong sell” rating to a “sell” rating in a research note on Saturday. HC Wainwright reissued a “buy” rating and set a $22.00 price target on shares of Aduro Clean Technologies in a research note on Wednesday, September 23rd. Zacks Research cut Aduro Clean Technologies from a “hold” rating to a “strong sell” rating in a report on Friday, September 25th. Roth Capital initiated coverage on Aduro Clean Technologies in a report on Monday, July 27th. They set a “buy” rating and a $30.00 price objective on the stock. Finally, Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Aduro Clean Technologies in a research report on Thursday.

Aduro Clean Technologies Stock Down 0.6%

NASDAQ ADUR opened at $9.94 on Monday. Aduro Clean Technologies has a fifty-two week low of $9.00 and a fifty-two week high of $18.19. The business has a fifty day moving average of $13.29 and a 200-day moving average of $13.61. The stock has a market cap of $350.98 million, a price-to-earnings ratio of -22.09 and a beta of 3.28.

Aduro Clean Technologies (NASDAQ:ADUR) last issued its quarterly earnings results on Thursday, October 15th. The company reported ($0.07) EPS for the quarter, topping analysts’ consensus estimates of ($0.11) by $0.04. As a group, analysts anticipate that Aduro Clean Technologies will post -0.40 EPS for the current year.

Hedge Funds Weigh In On Aduro Clean Technologies

Several large investors have recently added to or reduced their stakes in ADUR. Longview Financial Advisors Inc. purchased a new position in shares of Aduro Clean Technologies during the 1st quarter worth about $28,000. NewEdge Advisors LLC boosted its holdings in shares of Aduro Clean Technologies by 18.3% in the 2nd quarter. NewEdge Advisors LLC now owns 38,332 shares of the company’s stock valued at $604,000 after purchasing an additional 5,916 shares during the last quarter. Bank of America Corp DE acquired a new position in shares of Aduro Clean Technologies in the 1st quarter valued at $123,000. Squarepoint Ops LLC purchased a new stake in shares of Aduro Clean Technologies during the 2nd quarter valued at $215,000. Finally, DGS Capital Management LLC grew its stake in shares of Aduro Clean Technologies by 67.4% during the 4th quarter. DGS Capital Management LLC now owns 37,966 shares of the company’s stock valued at $393,000 after buying an additional 15,285 shares during the period.

About Aduro Clean Technologies

Aduro Clean Technologies Inc (NASDAQ: ADUR) is a Canadian technology company developing chemical recycling and resource-upgrading solutions. Its proprietary Hydrochemolytic™ technology uses water, catalysts and controlled process conditions to convert difficult-to-process feedstocks into higher-value products.

The company’s platform is designed for applications including the conversion of plastic waste into reusable hydrocarbon feedstocks, the upgrading of renewable oils into lower-carbon fuels and chemicals, and the treatment of heavy oil and bitumen.