Aduro Clean Technologies Inc. (NASDAQ:ADUR) Receives Average Rating of “Hold” from Analysts

Aduro Clean Technologies Inc. (NASDAQ:ADUR) has earned a consensus recommendation of “Hold” from the five analysts that are currently covering the company, MarketBeat reports. One research 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 1 year price objective among analysts that have updated their coverage on the stock in the last year is $29.00.

ADUR has been the subject of several recent research reports. HC Wainwright initiated coverage on Aduro Clean Technologies in a research report on Wednesday, February 4th. They set a “buy” rating and a $22.00 price objective for the company. Weiss Ratings restated a “sell (d-)” rating on shares of Aduro Clean Technologies in a research note on Wednesday, January 21st. Finally, D. Boral Capital reaffirmed a “buy” rating and set a $46.00 price target on shares of Aduro Clean Technologies in a research report on Monday, March 9th.

Aduro Clean Technologies Trading Up 1.0%

Shares of NASDAQ ADUR opened at $10.83 on Thursday. The firm has a market cap of $331.73 million, a PE ratio of -23.54 and a beta of 3.70. Aduro Clean Technologies has a 1-year low of $3.49 and a 1-year high of $17.66. The company has a fifty day moving average price of $11.88 and a 200 day moving average price of $12.64.

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

Institutional Trading of Aduro Clean Technologies

A number of institutional investors have recently made changes to their positions in the business. Wells Fargo & Company MN boosted its holdings in Aduro Clean Technologies by 800.0% during 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 last quarter. Raymond James Financial Inc. acquired a new stake in Aduro Clean Technologies in the 2nd quarter valued at $44,000. Virtu Financial LLC acquired a new stake in Aduro Clean Technologies in the 4th quarter valued at $112,000. Perigon Wealth Management LLC bought a new stake in Aduro Clean Technologies during the 4th quarter worth about $125,000. Finally, Engineers Gate Manager LP bought a new stake in Aduro Clean Technologies during the 4th quarter worth about $159,000.

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.