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

Key Points

• Aduro Clean Technologies reported a quarterly loss of ($0.15) earnings per share and faced significant financial challenges with a net margin of -5,270.30% and a negative return on equity of -100.75%.
• Following the earnings announcement, ADUR stock declined $0.76 to $16.63, reflecting a volatile trading history with a twelve-month range between $3.49 and $17.66.
• In terms of Analyst ratings, the average rating on Aduro Clean Technologies is "Hold," with a notable disparity as one analyst rated it "Buy" and another "Sell," indicating mixed sentiment around the stock's future potential.

Aduro Clean Technologies (NASDAQ:ADUR - Get Free Report) announced its earnings results on Wednesday. The company reported ($0.15) earnings per share (EPS) for the quarter, Zacks reports. Aduro Clean Technologies had a negative net margin of 5,270.30% and a negative return on equity of 100.75%.

Aduro Clean Technologies Stock Performance

Shares of ADUR stock traded down $0.76 on Wednesday, hitting $16.63. 222,630 shares of the stock traded hands, compared to its average volume of 182,850. The firm's 50-day moving average price is $12.78 and its two-hundred day moving average price is $9.59. The stock has a market capitalization of $509.39 million and a PE ratio of -51.97. Aduro Clean Technologies has a twelve month low of $3.49 and a twelve month high of $17.66.

Institutional Inflows and Outflows

A number of large investors have recently bought and sold shares of the stock. Raymond James Financial Inc. acquired a new stake in shares of Aduro Clean Technologies during the second quarter worth about $44,000. Geode Capital Management LLC purchased a new position in Aduro Clean Technologies in the second quarter valued at approximately $172,000. Finally, NewEdge Advisors LLC grew its position in shares of Aduro Clean Technologies by 21,000.0% during 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 last quarter.

Analyst Upgrades and Downgrades

ADUR has been the subject of a number of research reports. Weiss Ratings restated a "sell (d-)" rating on shares of Aduro Clean Technologies in a research report on Wednesday, October 8th. D. Boral Capital reiterated a "buy" rating and set a $48.00 target price on shares of Aduro Clean Technologies in a report on Tuesday, August 26th. One research analyst has rated the stock with a Buy rating and one has given a Sell rating to the company's stock. According to MarketBeat, the stock currently has an average rating of "Hold" and an average target price of $48.00.

Aduro Clean Technologies Company Profile

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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