D. Boral Capital Reaffirms Buy Rating for Aduro Clean Technologies (NASDAQ:ADUR)

Aduro Clean Technologies (NASDAQ:ADUR)‘s stock had its “buy” rating reiterated by analysts at D. Boral Capital in a research report issued to clients and investors on Monday,Benzinga reports. They currently have a $46.00 target price on the stock. D. Boral Capital’s price target would indicate a potential upside of 271.57% from the stock’s previous close.

Other equities research analysts have also recently issued reports about the stock. Weiss Ratings reiterated a “sell (d-)” rating on shares of Aduro Clean Technologies in a research report on Wednesday, October 8th. LADENBURG THALM/SH SH started coverage on shares of Aduro Clean Technologies in a research report on Friday, November 21st. They set a “buy” rating and a $19.00 price objective for the company. Two equities research analysts have rated the stock with a Buy rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat.com, Aduro Clean Technologies presently has an average rating of “Hold” and an average target price of $32.50.

Aduro Clean Technologies Stock Down 2.7%

Shares of Aduro Clean Technologies stock opened at $12.38 on Monday. Aduro Clean Technologies has a 52 week low of $3.49 and a 52 week high of $17.66. The business’s fifty day simple moving average is $13.60 and its 200-day simple moving average is $11.41. The firm has a market cap of $379.20 million and a PE ratio of -31.74.

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

Institutional Investors Weigh In On Aduro Clean Technologies

Large investors have recently added to or reduced their stakes in the business. Two Sigma Investments LP acquired a new stake in Aduro Clean Technologies during the 3rd quarter worth approximately $528,000. Diametric Capital LP acquired a new stake in shares of Aduro Clean Technologies in the second quarter valued at $345,000. Copperleaf Capital LLC acquired a new stake in shares of Aduro Clean Technologies in the second quarter valued at $233,000. NewEdge Advisors LLC boosted its holdings in Aduro Clean Technologies by 21,000.0% in the second quarter. NewEdge Advisors LLC now owns 21,100 shares of the company’s stock valued at $189,000 after purchasing an additional 21,000 shares during the period. Finally, Geode Capital Management LLC acquired a new position in Aduro Clean Technologies during the 2nd quarter worth $172,000.

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.