Aduro Clean Technologies (NASDAQ:ADUR) Announces Quarterly Earnings Results

Aduro Clean Technologies (NASDAQ:ADUR) released its earnings results on Thursday. The company reported ($0.07) EPS for the quarter, topping the consensus estimate of ($0.11) by $0.04, Zacks reports.

Aduro Clean Technologies Stock Performance

Shares of NASDAQ:ADUR opened at $10.00 on Friday. The stock has a 50-day simple moving average of $13.41 and a 200-day simple moving average of $13.64. The stock has a market capitalization of $353.10 million, a P/E ratio of -16.13 and a beta of 3.28. Aduro Clean Technologies has a 1 year low of $9.00 and a 1 year high of $18.19.

Analyst Upgrades and Downgrades

ADUR has been the subject of a number of recent analyst reports. HC Wainwright restated a “buy” rating and issued a $22.00 target price on shares of Aduro Clean Technologies in a report on Wednesday, September 23rd. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Aduro Clean Technologies in a research note on Thursday. Roth Capital initiated coverage on shares of Aduro Clean Technologies in a research note on Monday, July 27th. They set a “buy” rating and a $30.00 price target on the stock. Zacks Research lowered shares of Aduro Clean Technologies from a “hold” rating to a “strong sell” rating in a report on Friday, September 25th. Finally, Wall Street Zen cut shares of Aduro Clean Technologies from a “sell” rating to a “strong sell” rating in a research note on Saturday, September 5th. One analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating and two have given a Sell rating to the company. Based on data from MarketBeat, Aduro Clean Technologies presently has an average rating of “Moderate Buy” and an average price target of $29.25.

About Aduro Clean Technologies

Aduro Clean Technologies Inc (NASDAQ: ADUR) is a Canadian technology company developing chemical recycling and resource-upgrading solutions. Its proprietary Hydrochemolytic™ technology uses water, catalysts and controlled process conditions to convert difficult-to-process feedstocks into higher-value products.

The company’s platform is designed for applications including the conversion of plastic waste into reusable hydrocarbon feedstocks, the upgrading of renewable oils into lower-carbon fuels and chemicals, and the treatment of heavy oil and bitumen.