Aduro Clean Technologies (NASDAQ:ADUR) Earns Buy Rating from Analysts at LADENBURG THALM/SH SH

LADENBURG THALM/SH SH started coverage on shares of Aduro Clean Technologies (NASDAQ:ADUR) in a research report report published on Friday, Marketbeat Ratings reports. The brokerage issued a buy rating and a $19.00 price objective on the stock.

Several other research firms have also weighed in on ADUR. Weiss Ratings restated a “sell (d-)” rating on shares of Aduro Clean Technologies in a report on Wednesday, October 8th. D. Boral Capital reissued a “buy” rating and set a $48.00 price target on shares of Aduro Clean Technologies in a research report on Tuesday, August 26th. Two investment analysts have rated the stock with a Buy rating and one has assigned a Sell rating to the stock. According to MarketBeat.com, Aduro Clean Technologies currently has an average rating of “Hold” and an average target price of $33.50.

Aduro Clean Technologies Price Performance

Shares of Aduro Clean Technologies stock opened at $10.90 on Friday. The stock has a market capitalization of $333.87 million and a PE ratio of -27.95. The company’s fifty day simple moving average is $13.64 and its 200-day simple moving average is $11.32. Aduro Clean Technologies has a 1-year low of $3.49 and a 1-year high of $17.66.

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

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of the stock. Simplex Trading LLC acquired a new stake in shares of Aduro Clean Technologies during the 2nd quarter valued at about $40,000. Geode Capital Management LLC acquired a new stake in shares of Aduro Clean Technologies in the second quarter valued at approximately $172,000. Copperleaf Capital LLC acquired a new position in shares of Aduro Clean Technologies during the 2nd quarter valued at about $233,000. Diametric Capital LP purchased a new stake in shares of Aduro Clean Technologies during the 2nd quarter valued at approximately $345,000. Finally, NewEdge Advisors LLC grew its position 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 worth $189,000 after acquiring an additional 21,000 shares during the period.

About Aduro Clean Technologies

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.