Aduro Clean Technologies Inc. (NASDAQ:ADUR) Given Consensus Rating of “Moderate Buy” by Analysts

Aduro Clean Technologies Inc. (NASDAQ:ADUR) has received a consensus recommendation of “Moderate Buy” from the six analysts that are covering the stock, Marketbeat Ratings reports. One equities research analyst has rated the stock with a sell rating, one has issued a hold rating, three have assigned a buy rating and one has issued a strong buy rating on the company. The average 1-year target price among analysts that have updated their coverage on the stock in the last year is $29.25.

Several equities analysts have issued reports on ADUR shares. HC Wainwright restated a “buy” rating and set a $22.00 target price on shares of Aduro Clean Technologies in a research note on Wednesday. Roth Capital started coverage on shares of 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 report on Friday, July 17th. Finally, Wall Street Zen downgraded shares of Aduro Clean Technologies from a “sell” rating to a “strong sell” rating in a research report on Saturday, September 5th.

Institutional Trading of Aduro Clean Technologies

Several large investors have recently modified their holdings of the company. Longview Financial Advisors Inc. purchased a new stake in Aduro Clean Technologies during the first quarter valued at $28,000. Bank of America Corp DE purchased a new position in Aduro Clean Technologies in the first quarter worth about $123,000. Squarepoint Ops LLC purchased a new position in Aduro Clean Technologies in the second quarter worth about $215,000. DGS Capital Management LLC grew its stake 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 during the period. Finally, NewEdge Advisors LLC grew its stake in shares of Aduro Clean Technologies by 18.3% during the 2nd quarter. NewEdge Advisors LLC now owns 38,332 shares of the company’s stock valued at $604,000 after purchasing an additional 5,916 shares during the period.

Aduro Clean Technologies Price Performance

Shares of NASDAQ ADUR opened at $12.68 on Thursday. The company has a market capitalization of $447.73 million, a P/E ratio of -20.45 and a beta of 3.22. The company has a 50 day simple moving average of $14.15 and a 200-day simple moving average of $13.58. Aduro Clean Technologies has a 1 year low of $9.00 and a 1 year high of $18.19.

Aduro Clean Technologies (NASDAQ:ADUR) last posted its earnings results on Monday, August 31st. The company reported ($0.27) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.08) by ($0.19). As a group, research analysts expect that Aduro Clean Technologies will post -0.4 EPS for the current year.

About Aduro Clean Technologies

Aduro Clean Technologies Inc is a Canadian clean-technology company developing chemical recycling and resource-conversion solutions. Its proprietary Hydrochemolytic™ Technology platform is designed to use water, catalysts and relatively moderate operating conditions to transform difficult-to-recycle materials into higher-value chemical feedstocks.

The company’s primary focus is the conversion of post-consumer and post-industrial plastic waste into feedstocks that can be used to produce new plastics and other chemicals.