Aduro Clean Technologies (NASDAQ:ADUR) Announces 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) earnings per share for the quarter, topping analysts’ consensus estimates of ($0.11) by $0.04, Zacks reports.

Aduro Clean Technologies Price Performance

Aduro Clean Technologies stock opened at $9.90 on Tuesday. The company has a market cap of $349.57 million, a PE ratio of -22.00 and a beta of 3.28. The company has a fifty day moving average price of $13.17 and a two-hundred day moving average price of $13.64. Aduro Clean Technologies has a 12 month low of $9.00 and a 12 month high of $18.19.

Analyst Upgrades and Downgrades

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

Aduro Clean Technologies Company Profile

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.