Aduro Clean Technologies Inc. (NASDAQ:ADUR) Receives Consensus Rating of “Moderate Buy” from Brokerages

Shares of Aduro Clean Technologies Inc. (NASDAQ:ADUR) have been given an average recommendation of “Moderate Buy” by the five brokerages that are presently covering the stock, Marketbeat.com reports. One investment analyst has rated the stock with a sell recommendation, one has assigned a hold recommendation, two have assigned a buy recommendation and one has issued a strong buy recommendation on the company. The average 12-month price objective among brokerages that have issued ratings on the stock in the last year is $29.00.

A number of analysts recently commented on ADUR shares. LADENBURG THALM/SH SH upgraded Aduro Clean Technologies to a “strong-buy” rating in a research report on Wednesday, May 6th. D. Boral Capital reiterated a “buy” rating and set a $46.00 price objective on shares of Aduro Clean Technologies in a research report on Friday, April 10th. Wall Street Zen upgraded Aduro Clean Technologies from a “strong sell” rating to a “sell” rating in a research report on Sunday, May 31st. Finally, Weiss Ratings restated a “sell (d-)” rating on shares of Aduro Clean Technologies in a research report on Monday, April 20th.

Aduro Clean Technologies Stock Performance

Aduro Clean Technologies stock opened at $14.40 on Tuesday. The stock has a market cap of $487.15 million, a PE ratio of -32.73 and a beta of 3.15. Aduro Clean Technologies has a one year low of $7.66 and a one year high of $18.19. The stock has a fifty day moving average of $12.86 and a 200 day moving average of $12.31.

Institutional Trading of Aduro Clean Technologies

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Longview Financial Advisors Inc. purchased a new stake in Aduro Clean Technologies in the first quarter worth about $28,000. Wells Fargo & Company MN increased its position 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 buying an additional 2,400 shares in the last quarter. Raymond James Financial Inc. purchased a new stake in Aduro Clean Technologies in the second quarter worth about $44,000. Virtu Financial LLC purchased a new stake in Aduro Clean Technologies in the fourth quarter worth about $112,000. Finally, Bank of America Corp DE purchased a new stake in Aduro Clean Technologies in the first quarter worth about $123,000.

Aduro Clean Technologies Company Profile

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.