Aduro Clean Technologies (NASDAQ:ADUR) Stock Price Down 4% – Should You Sell?

Aduro Clean Technologies Inc. (NASDAQ:ADUR) shares dropped 4% during trading on Wednesday . The stock traded as low as $10.23 and last traded at $10.36. Approximately 315,284 shares changed hands during trading, a decline of 27% from the average daily volume of 432,282 shares. The stock had previously closed at $10.79.

Wall Street Analysts Forecast Growth

ADUR has been the topic of several research reports. LADENBURG THALM/SH SH assumed coverage on Aduro Clean Technologies in a report on Friday, November 21st. They issued a “buy” rating and a $19.00 target price on the stock. D. Boral Capital restated a “buy” rating and set a $46.00 price target on shares of Aduro Clean Technologies in a report on Monday, November 24th. Zacks Research raised Aduro Clean Technologies to a “hold” rating in a report on Tuesday, November 25th. Finally, Weiss Ratings reiterated a “sell (d-)” rating on shares of Aduro Clean Technologies in a research report on Wednesday, October 8th. Two equities research analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has issued a Sell rating to the company. According to MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus target price of $32.50.

Aduro Clean Technologies Stock Down 4.0%

The company has a 50 day simple moving average of $12.34 and a two-hundred day simple moving average of $12.13. The company has a market capitalization of $317.34 million, a P/E ratio of -26.56 and a beta of 3.43.

Aduro Clean Technologies (NASDAQ:ADUR) last announced its earnings results on Wednesday, October 15th. The company reported ($0.15) EPS for the quarter. The company 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 and hedge funds have recently bought and sold shares of ADUR. Simplex Trading LLC bought a new position in Aduro Clean Technologies during the second quarter valued at $40,000. Raymond James Financial Inc. purchased a new position in shares of Aduro Clean Technologies during the 2nd quarter worth about $44,000. Boothbay Fund Management LLC bought a new position in Aduro Clean Technologies during the 3rd quarter valued at about $164,000. Geode Capital Management LLC purchased a new stake in Aduro Clean Technologies in the 2nd quarter worth about $172,000. Finally, NewEdge Advisors LLC lifted its stake 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 purchasing an additional 21,000 shares during the last quarter.

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.