Aduro Clean Technologies Inc. (NASDAQ:ADUR) Receives Consensus Recommendation of “Hold” from Brokerages

Shares of Aduro Clean Technologies Inc. (NASDAQ:ADUR) have earned an average rating of “Hold” from the five ratings firms that are presently covering the stock, Marketbeat Ratings reports. One investment analyst has rated the stock with a sell rating, one has given a hold rating and three have issued a buy rating on the company. The average 12 month price objective among analysts that have issued ratings on the stock in the last year is $29.00.

A number of analysts have recently commented on ADUR shares. LADENBURG THALM/SH SH initiated coverage on Aduro Clean Technologies in a report on Friday, November 21st. They set a “buy” rating and a $19.00 price objective for the company. 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 target for the company. Weiss Ratings restated a “sell (d-)” rating on shares of Aduro Clean Technologies in a research note on Wednesday, January 21st. Zacks Research raised Aduro Clean Technologies to a “hold” rating in a research note on Tuesday, November 25th. Finally, D. Boral Capital reiterated a “buy” rating and set a $46.00 target price on shares of Aduro Clean Technologies in a report on Wednesday, February 11th.

Aduro Clean Technologies Price Performance

Shares of ADUR stock opened at $10.85 on Friday. The firm’s 50-day simple moving average is $12.13 and its 200-day simple moving average is $12.65. Aduro Clean Technologies has a 1-year low of $3.49 and a 1-year high of $17.66. The firm has a market cap of $332.34 million, a P/E ratio of -23.59 and a beta of 3.46.

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

Hedge Funds Weigh In On Aduro Clean Technologies

Several hedge funds and other institutional investors have recently made changes to their positions in ADUR. Simplex Trading LLC purchased a new stake in Aduro Clean Technologies during the 2nd quarter worth $40,000. Geode Capital Management LLC acquired a new position in shares of Aduro Clean Technologies during the second quarter worth about $172,000. Copperleaf Capital LLC purchased a new stake in shares of Aduro Clean Technologies in the second quarter worth about $233,000. Diametric Capital LP acquired a new stake in shares of Aduro Clean Technologies in the second quarter valued at about $345,000. Finally, NewEdge Advisors LLC raised its holdings in shares of Aduro Clean Technologies by 21,000.0% during the 2nd quarter. NewEdge Advisors LLC now owns 21,100 shares of the company’s stock valued at $189,000 after buying an additional 21,000 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.