Aduro Clean Technologies (NASDAQ:ADUR) Upgraded at Wall Street Zen

Wall Street Zen upgraded shares of Aduro Clean Technologies (NASDAQ:ADUR) from a strong sell rating to a sell rating in a research report released on Saturday,Wall Street Zen reports.

ADUR has been the topic of a number of other reports. Zacks Research downgraded Aduro Clean Technologies from a “hold” rating to a “strong sell” rating in a research note on Friday, September 25th. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Aduro Clean Technologies in a research report on Thursday. Roth Capital assumed coverage on Aduro Clean Technologies in a research report on Monday, July 27th. They set a “buy” rating and a $30.00 target price for the company. Finally, HC Wainwright reiterated a “buy” rating and set a $22.00 price target on shares of Aduro Clean Technologies in a report on Wednesday, September 23rd. One research 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 stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $29.25.

Aduro Clean Technologies Price Performance

Aduro Clean Technologies stock opened at $9.90 on Friday. Aduro Clean Technologies has a one year low of $9.00 and a one year high of $18.19. The company’s fifty day moving average price is $13.17 and its two-hundred day moving average price is $13.64. The company has a market capitalization of $349.57 million, a price-to-earnings ratio of -22.00 and a beta of 3.28.

Aduro Clean Technologies (NASDAQ:ADUR) last announced its quarterly earnings results on Thursday, October 15th. The company reported ($0.07) earnings per share for the quarter, topping analysts’ consensus estimates of ($0.11) by $0.04. As a group, sell-side analysts anticipate that Aduro Clean Technologies will post -0.40 earnings per share for the current year.

Hedge Funds Weigh In On Aduro Clean Technologies

A number of institutional investors have recently made changes to their positions in ADUR. Longview Financial Advisors Inc. acquired a new position in shares of Aduro Clean Technologies during the 1st quarter worth about $28,000. Bank of America Corp DE bought a new stake in Aduro Clean Technologies during the 1st quarter valued at approximately $123,000. Squarepoint Ops LLC bought a new stake in Aduro Clean Technologies during the 2nd quarter valued at approximately $215,000. DGS Capital Management LLC grew its holdings in Aduro Clean Technologies by 67.4% in the 4th quarter. DGS Capital Management LLC now owns 37,966 shares of the company’s stock valued at $393,000 after buying an additional 15,285 shares during the last quarter. Finally, NewEdge Advisors LLC grew its holdings in Aduro Clean Technologies by 18.3% in the 2nd quarter. NewEdge Advisors LLC now owns 38,332 shares of the company’s stock valued at $604,000 after buying an additional 5,916 shares during the last quarter.

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.