Aduro Clean Technologies’ (ADUR) “Buy” Rating Reiterated at HC Wainwright

HC Wainwright restated their buy rating on shares of Aduro Clean Technologies (NASDAQ:ADUR) in a research note issued to investors on Wednesday morning,Benzinga reports. The firm currently has a $22.00 price objective on the stock.

ADUR has been the topic of a number of other research reports. Roth Capital initiated coverage on shares of Aduro Clean Technologies in a report on Monday, July 27th. They issued a “buy” rating and a $30.00 price target on the stock. Wall Street Zen downgraded shares of Aduro Clean Technologies from a “sell” rating to a “strong sell” rating in a report on Saturday, September 5th. Finally, Weiss Ratings reiterated a “sell (d-)” rating on shares of Aduro Clean Technologies in a research report on Friday, July 17th. One equities research analyst has rated the stock with a Strong Buy rating, three have given a Buy rating, one has given a Hold rating and one has issued a Sell rating to the company. According to MarketBeat.com, Aduro Clean Technologies presently has a consensus rating of “Moderate Buy” and a consensus price target of $29.25.

Aduro Clean Technologies Stock Performance

Shares of ADUR stock opened at $12.63 on Wednesday. The company has a market capitalization of $445.97 million, a PE ratio of -20.37 and a beta of 3.22. Aduro Clean Technologies has a 52-week low of $9.00 and a 52-week high of $18.19. The business’s fifty day moving average is $14.14 and its 200 day moving average is $13.58.

Aduro Clean Technologies (NASDAQ:ADUR) last issued its quarterly earnings results on Monday, August 31st. The company reported ($0.27) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.08) by ($0.19). On average, sell-side analysts forecast that Aduro Clean Technologies will post -0.4 EPS for the current fiscal year.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently bought and sold shares of the business. Empery Asset Management LP bought a new stake in shares of Aduro Clean Technologies in the 4th quarter worth approximately $5,916,000. Guardian Wealth Advisors LLC NC purchased a new stake in shares of Aduro Clean Technologies in the 2nd quarter valued at $630,000. NewEdge Advisors LLC grew its holdings in shares of Aduro Clean Technologies by 18.3% during the 2nd quarter. NewEdge Advisors LLC now owns 38,332 shares of the company’s stock valued at $604,000 after purchasing an additional 5,916 shares during the last quarter. Squarepoint Ops LLC bought a new position in shares of Aduro Clean Technologies during the 2nd quarter valued at $215,000. Finally, Bank of America Corp DE purchased a new position in Aduro Clean Technologies in the 1st quarter worth $123,000.

About Aduro Clean Technologies

Aduro Clean Technologies Inc is a Canadian clean-technology company developing chemical recycling and resource-conversion solutions. Its proprietary Hydrochemolytic™ Technology platform is designed to use water, catalysts and relatively moderate operating conditions to transform difficult-to-recycle materials into higher-value chemical feedstocks.

The company’s primary focus is the conversion of post-consumer and post-industrial plastic waste into feedstocks that can be used to produce new plastics and other chemicals.