Aduro Clean Technologies (NASDAQ:ADUR) Receives Buy Rating from D. Boral Capital

Aduro Clean Technologies (NASDAQ:ADUR)‘s stock had its “buy” rating restated by research analysts at D. Boral Capital in a research note issued to investors on Monday,Benzinga reports. They currently have a $46.00 price target on the stock. D. Boral Capital’s price target suggests a potential upside of 260.78% from the stock’s previous close.

Several other equities research analysts have also commented on ADUR. LADENBURG THALM/SH SH initiated coverage on shares of Aduro Clean Technologies in a research report on Friday. They set a “buy” rating and a $19.00 target price on the stock. Weiss Ratings reiterated a “sell (d-)” rating on shares of Aduro Clean Technologies in a research note on Wednesday, October 8th. Two investment analysts have rated the stock with a Buy rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus target price of $32.50.

Aduro Clean Technologies Price Performance

NASDAQ ADUR traded up $1.85 on Monday, hitting $12.75. 597,778 shares of the company’s stock were exchanged, compared to its average volume of 193,254. The firm has a market cap of $390.53 million and a price-to-earnings ratio of -32.69. The firm’s 50-day moving average price is $13.64 and its two-hundred day moving average price is $11.32. Aduro Clean Technologies has a fifty-two week low of $3.49 and a fifty-two week high of $17.66.

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

Institutional Trading of Aduro Clean Technologies

Large investors have recently bought and sold shares of the company. Simplex Trading LLC acquired a new position in shares of Aduro Clean Technologies during the 2nd quarter worth $40,000. Raymond James Financial Inc. acquired a new stake in Aduro Clean Technologies in the 2nd quarter valued at about $44,000. Copperleaf Capital LLC increased its holdings in 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 in the last quarter. NewEdge Advisors LLC raised its position in Aduro Clean Technologies by 50.4% during 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 last quarter. Finally, UBS Group AG raised its position in Aduro Clean Technologies by 20.9% during the third quarter. UBS Group AG now owns 70,594 shares of the company’s stock worth $946,000 after acquiring an additional 12,202 shares during the last quarter.

About Aduro Clean Technologies

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.