Aduro Clean Technologies Inc. (ADUR) – What Are Analysts Saying About This Stock?

Shares of Aduro Clean Technologies Inc. (NASDAQ:ADUR) have received a consensus recommendation of “Moderate Buy” from the six ratings firms that are currently covering the firm, Marketbeat reports. Two analysts have rated the stock with a sell recommendation, three have issued a buy recommendation and one has given a strong buy recommendation to the company. The average twelve-month price objective among brokers that have issued ratings on the stock in the last year is $29.25.

Several equities 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 research note on Saturday. Roth Capital started coverage on Aduro Clean Technologies in a research note on Monday, July 27th. They issued a “buy” rating and a $30.00 price target for the company. Weiss Ratings reissued a “sell (d-)” rating on shares of Aduro Clean Technologies in a research note on Thursday. Zacks Research lowered Aduro Clean Technologies from a “hold” rating to a “strong sell” rating in a report on Friday, September 25th. Finally, HC Wainwright reissued a “buy” rating and set a $22.00 price target on shares of Aduro Clean Technologies in a report on Wednesday, September 23rd.

Institutional Investors Weigh In On Aduro Clean Technologies

A number of institutional investors have recently added to or reduced their stakes in ADUR. Longview Financial Advisors Inc. bought a new stake in shares of Aduro Clean Technologies in the 1st quarter worth $28,000. NewEdge Advisors LLC raised its position in Aduro Clean Technologies by 18.3% in the second quarter. NewEdge Advisors LLC now owns 38,332 shares of the company’s stock worth $604,000 after acquiring an additional 5,916 shares in the last quarter. Bank of America Corp DE bought a new stake in Aduro Clean Technologies in the first quarter worth about $123,000. Squarepoint Ops LLC acquired a new stake in Aduro Clean Technologies in the 2nd quarter valued at about $215,000. Finally, DGS Capital Management LLC boosted its position in shares of Aduro Clean Technologies by 67.4% during the 4th quarter. DGS Capital Management LLC now owns 37,966 shares of the company’s stock valued at $393,000 after purchasing an additional 15,285 shares in the last quarter.

Aduro Clean Technologies Stock Down 0.1%

NASDAQ ADUR opened at $9.94 on Monday. The business has a 50 day moving average price of $13.29 and a two-hundred day moving average price of $13.64. The stock has a market cap of $350.98 million, a PE ratio of -22.09 and a beta of 3.28. Aduro Clean Technologies has a fifty-two week low of $9.00 and a fifty-two week high of $18.19.

Aduro Clean Technologies (NASDAQ:ADUR) last announced its earnings results on Thursday, October 15th. The company reported ($0.07) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.11) by $0.04. Sell-side analysts anticipate that Aduro Clean Technologies will post -0.40 EPS for the current fiscal year.

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.