Aduro Clean Technologies (NASDAQ:ADUR) Now Covered by Analysts at LADENBURG THALM/SH SH

LADENBURG THALM/SH SH assumed coverage on shares of Aduro Clean Technologies (NASDAQ:ADUR) in a research report released on Friday morning, MarketBeat Ratings reports. The brokerage issued a buy rating and a $19.00 price objective on the stock.

Other research analysts have also issued reports about the stock. Weiss Ratings reiterated a “sell (d-)” rating on shares of Aduro Clean Technologies in a research note on Wednesday, October 8th. D. Boral Capital reaffirmed a “buy” rating and set a $48.00 target price on shares of Aduro Clean Technologies in a research note on Tuesday, August 26th. Two equities research analysts have rated the stock with a Buy rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average target price of $33.50.

Aduro Clean Technologies Stock Up 2.3%

Shares of NASDAQ:ADUR traded up $0.25 during trading on Friday, hitting $10.90. The stock had a trading volume of 359,229 shares, compared to its average volume of 247,229. The company has a market capitalization of $333.87 million and a PE ratio of -27.95. The firm’s fifty day moving average is $13.64 and its 200 day moving average is $11.24. Aduro Clean Technologies has a 12 month low of $3.49 and a 12 month high of $17.66.

Aduro Clean Technologies (NASDAQ:ADUR) last issued its quarterly earnings results on Wednesday, October 15th. The company reported ($0.15) earnings per share for the quarter. The firm had revenue of $0.03 million during the quarter. Aduro Clean Technologies had a negative return on equity of 133.33% and a negative net margin of 7,329.94%.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently modified their holdings of the business. Simplex Trading LLC purchased a new stake in shares of Aduro Clean Technologies during the second quarter valued at $40,000. Raymond James Financial Inc. purchased a new stake in shares of Aduro Clean Technologies during the 2nd quarter valued at about $44,000. Copperleaf Capital LLC boosted its holdings in shares of Aduro Clean Technologies by 37.9% during the 3rd quarter. Copperleaf Capital LLC now owns 35,850 shares of the company’s stock valued at $480,000 after acquiring an additional 9,850 shares during the last quarter. NewEdge Advisors LLC grew its stake in shares of Aduro Clean Technologies by 50.4% in the third quarter. NewEdge Advisors LLC now owns 31,740 shares of the company’s stock worth $425,000 after acquiring an additional 10,640 shares during the period. Finally, UBS Group AG raised its holdings in shares of Aduro Clean Technologies by 20.9% during the third quarter. UBS Group AG now owns 70,594 shares of the company’s stock valued at $946,000 after purchasing an additional 12,202 shares during the last quarter.

Aduro Clean Technologies Company Profile

Aduro Clean Technologies is a developer of patented water-based technologies to chemically recycle waste plastics; convert heavy crude and bitumen into lighter, more valuable oil and transform renewable oils into higher-value fuels or renewable chemicals. Aduro Clean Technologies is based in LONDON, Ontario.