Aduro Clean Technologies (NASDAQ:ADUR) Shares Gap Down – What’s Next?

Aduro Clean Technologies Inc. (NASDAQ:ADUR) gapped down prior to trading on Wednesday . The stock had previously closed at $16.88, but opened at $15.44. Aduro Clean Technologies shares last traded at $15.78, with a volume of 215,776 shares.

Analyst Ratings Changes

Several research analysts recently weighed in on the stock. Wall Street Zen upgraded shares of Aduro Clean Technologies from a “strong sell” rating to a “sell” rating in a report on Sunday, May 31st. LADENBURG THALM/SH SH raised shares of Aduro Clean Technologies to a “strong-buy” rating in a research report on Wednesday, May 6th. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Aduro Clean Technologies in a report on Monday, April 20th. Finally, D. Boral Capital reaffirmed a “buy” rating and set a $46.00 price target on shares of Aduro Clean Technologies in a research report on Friday, April 10th. One analyst has rated the stock with a Strong Buy rating, two have given a Buy rating, one has assigned a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat.com, Aduro Clean Technologies presently has a consensus rating of “Moderate Buy” and an average price target of $29.00.

Aduro Clean Technologies Stock Down 2.3%

The company’s 50-day moving average is $13.22 and its two-hundred day moving average is $12.42. The company has a market cap of $511.17 million, a P/E ratio of -34.34 and a beta of 3.15.

Institutional Investors Weigh In On Aduro Clean Technologies

Large investors have recently modified their holdings of the stock. Bank of America Corp DE bought a new stake in shares of Aduro Clean Technologies in the 1st quarter worth approximately $123,000. Longview Financial Advisors Inc. bought a new position in Aduro Clean Technologies during the first quarter valued at $28,000. DGS Capital Management LLC increased its position in Aduro Clean Technologies by 67.4% in the fourth quarter. DGS Capital Management LLC now owns 37,966 shares of the company’s stock worth $393,000 after buying an additional 15,285 shares during the last quarter. Virtu Financial LLC purchased a new stake in Aduro Clean Technologies in the fourth quarter worth $112,000. Finally, NewEdge Advisors LLC raised its stake in shares of Aduro Clean Technologies by 5.1% in the fourth quarter. NewEdge Advisors LLC now owns 33,344 shares of the company’s stock valued at $345,000 after buying an additional 1,604 shares during the period.

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.