Aduro Clean Technologies (NASDAQ:ADUR) Given Sell (D-) Rating at Weiss Ratings

Key Points

• Aduro Clean Technologies' stock received a "sell (D-)" rating from Weiss Ratings, highlighting potential concerns about its performance.
• Despite the negative rating from Weiss, D. Boral Capital has issued a "buy" rating with a price target of $48.00, indicating mixed analyst sentiment.
• The company reported a quarterly loss of ($0.15) EPS with a significantly negative net margin and an overall revenue of only $0.03 million.

Aduro Clean Technologies (NASDAQ:ADUR - Get Free Report)'s stock had its "sell (d-)" rating reiterated by equities research analysts at Weiss Ratings in a research report issued to clients and investors on Friday,Weiss Ratings reports.

Separately, D. Boral Capital reissued a "buy" rating and issued a $48.00 price objective on shares of Aduro Clean Technologies in a report on Tuesday, August 26th. One equities research analyst has rated the stock with a Buy rating and one has assigned a Sell rating to the company's stock. According to data from MarketBeat, Aduro Clean Technologies has a consensus rating of "Hold" and a consensus target price of $48.00.

Aduro Clean Technologies Trading Up 3.9%

Shares of ADUR traded up $0.56 during midday trading on Friday, reaching $14.93. The stock had a trading volume of 145,528 shares, compared to its average volume of 185,114. The firm has a 50 day simple moving average of $13.23 and a 200-day simple moving average of $10.05. Aduro Clean Technologies has a one year low of $3.49 and a one year high of $17.66. The firm has a market cap of $457.32 million and a PE ratio of -38.28.

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

Hedge Funds Weigh In On Aduro Clean Technologies

Hedge funds and other institutional investors have recently made changes to their positions in the company. Simplex Trading LLC acquired a new position in shares of Aduro Clean Technologies in the 2nd quarter valued at approximately $40,000. Raymond James Financial Inc. acquired a new position in shares of Aduro Clean Technologies in the 2nd quarter valued at approximately $44,000. Geode Capital Management LLC acquired a new position in Aduro Clean Technologies during the 2nd quarter worth approximately $172,000. NewEdge Advisors LLC increased its position in Aduro Clean Technologies by 21,000.0% during the 2nd quarter. NewEdge Advisors LLC now owns 21,100 shares of the company's stock worth $189,000 after purchasing an additional 21,000 shares in the last quarter. Finally, Copperleaf Capital LLC acquired a new position in Aduro Clean Technologies during the 2nd quarter worth approximately $233,000.

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.

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