Aduro Clean Technologies (NASDAQ:ADUR) Posts Earnings Results, Misses Estimates By $0.18 EPS

Aduro Clean Technologies (NASDAQ:ADUR) posted its quarterly earnings results on Monday. The company reported ($0.27) EPS for the quarter, missing the consensus estimate of ($0.09) by ($0.18), Zacks reports. Aduro Clean Technologies had a negative return on equity of 85.29% and a negative net margin of 6,393.09%.

Aduro Clean Technologies Stock Down 2.5%

ADUR stock traded down $0.35 during trading on Monday, hitting $13.82. 562,952 shares of the company’s stock traded hands, compared to its average volume of 451,290. The firm has a market capitalization of $487.98 million, a P/E ratio of -31.41 and a beta of 3.27. Aduro Clean Technologies has a 1 year low of $9.00 and a 1 year high of $18.19. The business has a fifty day simple moving average of $14.94 and a two-hundred day simple moving average of $13.32.

Institutional Trading of Aduro Clean Technologies

Several hedge funds and other institutional investors have recently bought and sold shares of the stock. NewEdge Advisors LLC boosted its position in Aduro Clean Technologies by 5.1% during the fourth quarter. NewEdge Advisors LLC now owns 33,344 shares of the company’s stock valued at $345,000 after purchasing an additional 1,604 shares in the last quarter. Two Sigma Investments LP purchased a new stake in shares of Aduro Clean Technologies during the third quarter valued at about $528,000. UBS Group AG boosted its holdings in shares of Aduro Clean Technologies by 20.9% in the 3rd quarter. UBS Group AG now owns 70,594 shares of the company’s stock valued at $946,000 after buying an additional 12,202 shares in the last quarter. Virtu Financial LLC bought a new stake in shares of Aduro Clean Technologies in the 4th quarter valued at about $112,000. Finally, Engineers Gate Manager LP purchased a new position in shares of Aduro Clean Technologies in the 4th quarter worth approximately $159,000.

Analysts Set New Price Targets

ADUR has been the topic of several research analyst reports. Wall Street Zen raised Aduro Clean Technologies from a “strong sell” rating to a “sell” rating in a research note on Sunday, May 31st. Weiss Ratings reissued a “sell (d-)” rating on shares of Aduro Clean Technologies in a research report on Friday, July 17th. Roth Capital began coverage on Aduro Clean Technologies in a research note on Monday, July 27th. They set a “buy” rating and a $30.00 price target on the stock. Finally, LADENBURG THALM/SH SH upgraded Aduro Clean Technologies to a “strong-buy” rating in a report on Wednesday, May 6th. One research analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating, one has issued a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $29.25.

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.