Aduro Clean Technologies (NASDAQ:ADUR) Posts Earnings Results, Beats Estimates By $0.04 EPS

Aduro Clean Technologies (NASDAQ:ADUR) posted its 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 Stock Performance

NASDAQ:ADUR traded up $0.01 during mid-day trading on Thursday, reaching $10.00. 479,222 shares of the company’s stock were exchanged, compared to its average volume of 427,040. Aduro Clean Technologies has a one year low of $9.00 and a one year high of $18.19. The business’s fifty day simple moving average is $13.52 and its two-hundred day simple moving average is $13.64. The firm has a market capitalization of $353.10 million, a PE ratio of -16.13 and a beta of 3.28.

Analyst Ratings Changes

ADUR has been the subject of several research analyst reports. Zacks Research downgraded shares of Aduro Clean Technologies from a “hold” rating to a “strong sell” rating in a report on Friday, September 25th. Weiss Ratings restated a “sell (d-)” rating on shares of Aduro Clean Technologies in a research report on Friday, July 17th. Roth Capital assumed coverage on Aduro Clean Technologies in a report on Monday, July 27th. They set a “buy” rating and a $30.00 price objective for the company. Wall Street Zen downgraded Aduro Clean Technologies from a “sell” rating to a “strong sell” rating in a research report on Saturday, September 5th. Finally, HC Wainwright reaffirmed a “buy” rating and issued a $22.00 target price on shares of Aduro Clean Technologies in a research report on Wednesday, September 23rd. One analyst has rated the stock with a Strong Buy rating, three have given a Buy rating and two have given a Sell rating to the company. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $29.25.

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.