Aduro Clean Technologies (NASDAQ:ADUR) Receives "Sell (D-)" Rating from Weiss Ratings

Key Points

• Aduro Clean Technologies (NASDAQ:ADUR) has received a "Sell (D-)" rating from Weiss Ratings, signaling concerns about its stock performance.
• Despite the sell rating, D. Boral Capital has restated a "buy" rating with a target price of $48.00 for the stock, indicating some analysts still see potential for growth.
• The company's stock has seen significant trading activity, with a recent price of $17.06 and a market capitalization of approximately $522.55 million.

Aduro Clean Technologies (NASDAQ:ADUR - Get Free Report)'s stock had its "sell (d-)" rating reiterated by Weiss Ratings in a research report issued on Wednesday,Weiss Ratings reports.

Separately, D. Boral Capital restated a "buy" rating and set a $48.00 target price on shares of Aduro Clean Technologies in a report on Tuesday, August 26th. One investment analyst has rated the stock with a Buy rating and one has given a Sell rating to the company. According to data from MarketBeat.com, the company presently has an average rating of "Hold" and a consensus target price of $48.00.

Aduro Clean Technologies Price Performance

Aduro Clean Technologies stock traded up $1.50 during mid-day trading on Wednesday, reaching $17.06. The company had a trading volume of 195,081 shares, compared to its average volume of 179,598. Aduro Clean Technologies has a 1 year low of $3.49 and a 1 year high of $17.12. The company has a market capitalization of $522.55 million and a P/E ratio of -53.31. The stock's 50-day simple moving average is $12.20 and its 200-day simple moving average is $9.19.

Institutional Investors Weigh In On Aduro Clean Technologies

Hedge funds and other institutional investors have recently modified their holdings of the company. Simplex Trading LLC purchased a new stake in shares of Aduro Clean Technologies during the second quarter worth about $40,000. Raymond James Financial Inc. purchased a new stake in Aduro Clean Technologies in the second quarter valued at approximately $44,000. Geode Capital Management LLC purchased a new stake in Aduro Clean Technologies in the second quarter valued at approximately $172,000. NewEdge Advisors LLC grew its holdings in Aduro Clean Technologies by 21,000.0% in the second quarter. NewEdge Advisors LLC now owns 21,100 shares of the company's stock valued at $189,000 after purchasing an additional 21,000 shares during the period. Finally, Copperleaf Capital LLC purchased a new stake in Aduro Clean Technologies in the second quarter valued at 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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