Aduro Clean Technologies (NASDAQ:ADUR) Releases Quarterly Earnings Results, Beats Estimates By $0.04 EPS

Aduro Clean Technologies (NASDAQ:ADUR) released its quarterly earnings results on Thursday. The company reported ($0.07) EPS for the quarter, topping the consensus estimate of ($0.11) by $0.04, Zacks reports.

Aduro Clean Technologies Stock Performance

Shares of NASDAQ ADUR traded down $0.06 during trading on Friday, reaching $9.94. The stock had a trading volume of 462,847 shares, compared to its average volume of 294,536. Aduro Clean Technologies has a one year low of $9.00 and a one year high of $18.19. The stock has a market cap of $350.98 million, a PE ratio of -22.09 and a beta of 3.28. The firm’s 50 day moving average price is $13.29 and its two-hundred day moving average price is $13.61.

Wall Street Analyst Weigh In

ADUR has been the subject of a number of recent analyst reports. Wall Street Zen raised shares of Aduro Clean Technologies from a “strong sell” rating to a “sell” rating in a research report on Saturday. Roth Capital started coverage on shares of Aduro Clean Technologies in a report on Monday, July 27th. They issued a “buy” rating and a $30.00 price target on the stock. HC Wainwright reiterated a “buy” rating and set a $22.00 price objective on shares of Aduro Clean Technologies in a research note on Wednesday, September 23rd. Zacks Research downgraded shares of Aduro Clean Technologies from a “hold” rating to a “strong sell” rating in a research note on Friday, September 25th. Finally, Weiss Ratings reissued a “sell (d-)” rating on shares of Aduro Clean Technologies in a research report on Thursday. One equities research analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating and two have issued a Sell rating to the stock. According to MarketBeat, Aduro Clean Technologies presently has an average rating of “Moderate Buy” and a consensus price target of $29.25.

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.