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

Shares of Aduro Clean Technologies Inc. (NASDAQ:ADUR) have earned a consensus recommendation of “Moderate Buy” from the five ratings firms that are currently covering the firm, Marketbeat reports. One analyst has rated the stock with a sell recommendation, one has issued a hold recommendation, two have issued a buy recommendation and one has assigned a strong buy recommendation to the company. The average 1 year price target among brokers that have updated their coverage on the stock in the last year is $29.00.

A number of research analysts recently weighed in on ADUR shares. D. Boral Capital reiterated a “buy” rating and issued a $46.00 price objective on shares of Aduro Clean Technologies in a research note on Friday, April 10th. Wall Street Zen upgraded shares of Aduro Clean Technologies from a “strong sell” rating to a “sell” rating in a research note on Sunday, May 31st. LADENBURG THALM/SH SH upgraded shares of Aduro Clean Technologies to a “strong-buy” rating in a research note on Wednesday, May 6th. Finally, Weiss Ratings reiterated a “sell (d-)” rating on shares of Aduro Clean Technologies in a research note on Monday, April 20th.

Aduro Clean Technologies Stock Down 6.0%

Shares of ADUR stock opened at $14.20 on Tuesday. Aduro Clean Technologies has a 12-month low of $8.01 and a 12-month high of $18.19. The firm has a market cap of $480.39 million, a P/E ratio of -32.27 and a beta of 3.15. The company has a 50 day moving average of $13.30 and a 200-day moving average of $12.43.

Institutional Inflows and Outflows

Hedge funds have recently bought and sold shares of the business. Empery Asset Management LP purchased a new position in Aduro Clean Technologies in the 4th quarter valued at approximately $5,916,000. Perigon Wealth Management LLC purchased a new position in shares of Aduro Clean Technologies during the 4th quarter valued at $125,000. NewEdge Advisors LLC grew its position in shares of Aduro Clean Technologies by 5.1% during the 4th quarter. NewEdge Advisors LLC now owns 33,344 shares of the company’s stock valued at $345,000 after purchasing an additional 1,604 shares in the last quarter. Engineers Gate Manager LP purchased a new position in shares of Aduro Clean Technologies during the 4th quarter valued at $159,000. Finally, Boothbay Fund Management LLC purchased a new position in shares of Aduro Clean Technologies during the 3rd quarter valued at $164,000.

Aduro Clean Technologies Company Profile

Aduro Clean Technologies, Inc is a development‐stage clean energy company that designs, develops and seeks to commercialize modular process systems for the production and purification of hydrogen. Listed on the Nasdaq under the ticker ADUR, the company focuses on low‐emission solutions to support the emerging hydrogen economy, including renewable fuel applications, energy storage and industrial gas supply. Aduro Clean Technologies aims to address the growing demand for high‐purity hydrogen across mobility, power generation and chemical processing sectors.

The company’s core technologies include its H2-Conductor platform, a membrane‐based system engineered to separate and purify hydrogen from mixed gas streams, and its H2-Integrate suite of modular reactors capable of producing hydrogen from various feedstocks.