Aduro Clean Technologies Inc. (NASDAQ:ADUR) Given Average Rating of “Hold” by Brokerages

Aduro Clean Technologies Inc. (NASDAQ:ADUR) has been given an average recommendation of “Hold” by the five analysts that are covering the company, Marketbeat Ratings reports. One investment analyst has rated the stock with a sell rating, one has assigned a hold rating and three have given a buy rating to the company. The average twelve-month price target among analysts that have issued ratings on the stock in the last year is $29.00.

A number of brokerages have recently issued reports on ADUR. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Aduro Clean Technologies in a research report on Wednesday, January 21st. Zacks Research upgraded Aduro Clean Technologies to a “hold” rating in a report on Tuesday, November 25th. D. Boral Capital reiterated a “buy” rating and set a $46.00 target price on shares of Aduro Clean Technologies in a research note on Wednesday, February 11th. HC Wainwright assumed coverage on shares of Aduro Clean Technologies in a research report on Wednesday, February 4th. They set a “buy” rating and a $22.00 price target for the company. Finally, LADENBURG THALM/SH SH assumed coverage on shares of Aduro Clean Technologies in a report on Friday, November 21st. They issued a “buy” rating and a $19.00 price target on the stock.

Aduro Clean Technologies Stock Down 8.3%

ADUR opened at $10.85 on Friday. The firm’s 50 day moving average is $12.13 and its 200-day moving average is $12.65. Aduro Clean Technologies has a 52-week low of $3.49 and a 52-week high of $17.66. The firm has a market capitalization of $332.34 million, a P/E ratio of -23.59 and a beta of 3.46.

Aduro Clean Technologies (NASDAQ:ADUR) last released its quarterly earnings results on Thursday, January 15th. The company reported ($0.15) earnings per share for the quarter, beating analysts’ consensus estimates of ($0.16) by $0.01. Aduro Clean Technologies had a negative net margin of 6,393.09% and a negative return on equity of 129.57%. The business had revenue of $0.09 million during the quarter, compared to analyst estimates of $0.05 million.

Institutional Trading of Aduro Clean Technologies

Several institutional investors and hedge funds have recently bought and sold shares of the company. DGS Capital Management LLC lifted its holdings in Aduro Clean Technologies by 67.4% during the 4th quarter. DGS Capital Management LLC now owns 37,966 shares of the company’s stock worth $393,000 after buying an additional 15,285 shares during the last quarter. Virtu Financial LLC acquired a new stake in shares of Aduro Clean Technologies during the 4th quarter valued at approximately $112,000. NewEdge Advisors LLC lifted its stake in Aduro Clean Technologies by 5.1% during the fourth quarter. NewEdge Advisors LLC now owns 33,344 shares of the company’s stock worth $345,000 after purchasing an additional 1,604 shares during the last quarter. Engineers Gate Manager LP bought a new position in Aduro Clean Technologies during the fourth quarter worth $159,000. Finally, Wells Fargo & Company MN boosted its holdings in Aduro Clean Technologies by 800.0% in the fourth quarter. Wells Fargo & Company MN now owns 2,700 shares of the company’s stock worth $28,000 after purchasing an additional 2,400 shares during the period.

About Aduro Clean Technologies

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.