Aduro Clean Technologies (NASDAQ:ADUR) Upgraded to “Sell” 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 morning,Wall Street Zen reports.

Several other equities research analysts have also recently weighed in on the stock. Zacks Research cut shares of Aduro Clean Technologies from a “hold” rating to a “strong sell” rating in a research report on Friday, September 25th. Weiss Ratings reissued a “sell (d-)” rating on shares of Aduro Clean Technologies in a report on Thursday. HC Wainwright restated a “buy” rating and issued a $22.00 price objective on shares of Aduro Clean Technologies in a research report on Wednesday, September 23rd. Finally, Roth Capital started coverage on shares of Aduro Clean Technologies in a research report on Monday, July 27th. They issued a “buy” rating and a $30.00 price objective on the stock. One analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating and two have given a Sell rating to the company. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $29.25.

Aduro Clean Technologies Stock Performance

NASDAQ:ADUR opened at $9.94 on Friday. The firm has a market cap of $350.98 million, a PE ratio of -22.09 and a beta of 3.28. Aduro Clean Technologies has a fifty-two week low of $9.00 and a fifty-two week high of $18.19. The business has a 50 day moving average price of $13.29 and a 200-day moving average price of $13.61.

Aduro Clean Technologies (NASDAQ:ADUR) last issued its earnings results on Thursday, October 15th. The company reported ($0.07) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.11) by $0.04. Research analysts predict that Aduro Clean Technologies will post -0.40 EPS for the current year.

Institutional Investors Weigh In On Aduro Clean Technologies

Institutional investors and hedge funds have recently bought and sold shares of the business. NewEdge Advisors LLC increased its stake in shares of Aduro Clean Technologies by 18.3% during the second 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 period. Squarepoint Ops LLC bought a new position in shares of Aduro Clean Technologies during the second quarter valued at approximately $215,000. Guardian Wealth Advisors LLC NC purchased a new stake in Aduro Clean Technologies in the second quarter worth $630,000. Bank of America Corp DE purchased a new stake in Aduro Clean Technologies in the first quarter worth $123,000. Finally, Longview Financial Advisors Inc. purchased a new stake in Aduro Clean Technologies in the first quarter worth $28,000.

Aduro Clean Technologies Company Profile

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.