Aduro Clean Technologies (NASDAQ:ADUR) Rating Increased to Hold at Zacks Research

Zacks Research upgraded shares of Aduro Clean Technologies (NASDAQ:ADUR) to a hold rating in a research note issued to investors on Tuesday,Zacks.com reports.

Several other research analysts have also commented on the stock. Weiss Ratings reissued a “sell (d-)” rating on shares of Aduro Clean Technologies in a research note on Wednesday, October 8th. LADENBURG THALM/SH SH initiated coverage on shares of Aduro Clean Technologies in a report on Friday, November 21st. They set a “buy” rating and a $19.00 target price on the stock. Finally, D. Boral Capital reissued a “buy” rating and issued a $46.00 price target on shares of Aduro Clean Technologies in a research report on Monday. Two investment analysts have rated the stock with a Buy rating, one has given a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus price target of $32.50.

Aduro Clean Technologies Stock Up 0.2%

ADUR opened at $12.41 on Tuesday. Aduro Clean Technologies has a 52 week low of $3.49 and a 52 week high of $17.66. The business has a fifty day simple moving average of $13.58 and a 200-day simple moving average of $11.42. The firm has a market cap of $380.12 million and a P/E ratio of -31.82.

Aduro Clean Technologies (NASDAQ:ADUR) last posted its earnings results on Wednesday, October 15th. The company reported ($0.15) earnings per share (EPS) for the quarter. Aduro Clean Technologies had a negative return on equity of 133.33% and a negative net margin of 7,329.94%.The firm had revenue of $0.03 million for the quarter.

Institutional Inflows and Outflows

A number of institutional investors have recently added to or reduced their stakes in ADUR. Simplex Trading LLC acquired a new position in Aduro Clean Technologies during the 2nd quarter worth approximately $40,000. Raymond James Financial Inc. acquired a new position in shares of Aduro Clean Technologies during the second quarter worth $44,000. Boothbay Fund Management LLC purchased a new position in Aduro Clean Technologies in the third quarter valued at $164,000. Geode Capital Management LLC acquired a new stake in Aduro Clean Technologies in the second quarter valued at $172,000. Finally, NewEdge Advisors LLC raised its stake in Aduro Clean Technologies by 21,000.0% in the second quarter. NewEdge Advisors LLC now owns 21,100 shares of the company’s stock valued at $189,000 after buying an additional 21,000 shares in the last quarter.

About Aduro Clean Technologies

Aduro Clean Technologies is a developer of patented water-based technologies to chemically recycle waste plastics; convert heavy crude and bitumen into lighter, more valuable oil and transform renewable oils into higher-value fuels or renewable chemicals. Aduro Clean Technologies is based in LONDON, Ontario.