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Aduro Clean Technologies (NASDAQ:ADUR) Hits New 52-Week High - Time to Buy?

Aduro Clean Technologies logo with Manufacturing background

Key Points

  • Aduro Clean Technologies' stock reached a new 52-week high at $17.76, up from a previous close of $17.39.
  • Analysts are divided, with Weiss Ratings issuing a sell rating and D. Boral Capital maintaining a buy rating with a price target of $48.00.
  • The company has seen significant institutional investment, with several firms making new positions or increasing their holdings in the last quarter.
  • MarketBeat previews the top five stocks to own by November 1st.

Aduro Clean Technologies Inc. (NASDAQ:ADUR - Get Free Report) shares hit a new 52-week high on Wednesday . The company traded as high as $17.76 and last traded at $17.76, with a volume of 2142 shares trading hands. The stock had previously closed at $17.39.

Analyst Upgrades and Downgrades

A number of research analysts have recently weighed in on the company. Weiss Ratings restated a "sell (d-)" rating on shares of Aduro Clean Technologies in a research report on Wednesday, October 8th. D. Boral Capital restated a "buy" rating and set a $48.00 price objective on shares of Aduro Clean Technologies in a research report on Tuesday, August 26th. One research analyst has rated the stock with a Buy rating and one has issued a Sell rating to the company's stock. According to data from MarketBeat.com, the stock currently has an average rating of "Hold" and an average target price of $48.00.

Check Out Our Latest Report on Aduro Clean Technologies

Aduro Clean Technologies Price Performance

The company's fifty day simple moving average is $12.78 and its 200-day simple moving average is $9.59. The firm has a market capitalization of $525.93 million and a PE ratio of -53.66.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of the company. Diametric Capital LP acquired a new position in shares of Aduro Clean Technologies in the second quarter worth about $345,000. Copperleaf Capital LLC acquired a new position in shares of Aduro Clean Technologies in the second quarter worth about $233,000. NewEdge Advisors LLC raised its position in shares of 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 acquiring an additional 21,000 shares during the period. Geode Capital Management LLC acquired a new position in shares of Aduro Clean Technologies in the second quarter worth about $172,000. Finally, Raymond James Financial Inc. acquired a new position in shares of Aduro Clean Technologies in the second quarter worth about $44,000.

About Aduro Clean Technologies

(Get Free Report)

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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