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Aduro Clean Technologies (NASDAQ:ADUR) Shares Gap Up - Time to Buy?

Aduro Clean Technologies logo with Manufacturing background

Key Points

  • Aduro Clean Technologies' stock price rose from a previous close of $15.84 to open at $16.43, with recent trading at $16.99.
  • The company currently has a market cap of $517.03 million and a consensus rating of "Hold," with an average price target of $48.00.
  • Recent institutional investments include Simplex Trading and Copperleaf Capital, indicating growing interest in the company's stock.
  • MarketBeat previews top five stocks to own in November.

Aduro Clean Technologies Inc. (NASDAQ:ADUR - Get Free Report)'s stock price gapped up before the market opened on Friday . The stock had previously closed at $15.84, but opened at $16.43. Aduro Clean Technologies shares last traded at $16.99, with a volume of 53,695 shares trading hands.

Analyst Ratings Changes

A number of brokerages have recently issued reports on ADUR. D. Boral Capital reaffirmed a "buy" rating and set a $48.00 price target on shares of Aduro Clean Technologies in a report on Tuesday, August 26th. Weiss Ratings reissued a "sell (d-)" rating on shares of Aduro Clean Technologies in a report on Wednesday. One research analyst has rated the stock with a Buy rating and one has issued a Sell rating to the stock. According to MarketBeat, Aduro Clean Technologies currently has a consensus rating of "Hold" and an average price target of $48.00.

View Our Latest Report on Aduro Clean Technologies

Aduro Clean Technologies Trading Up 6.6%

The company has a market cap of $517.03 million and a P/E ratio of -52.75. The business's 50 day simple moving average is $12.42 and its 200 day simple moving average is $9.32.

Institutional Investors Weigh In On Aduro Clean Technologies

Institutional investors and hedge funds have recently modified their holdings of the stock. Simplex Trading LLC bought a new stake in shares of Aduro Clean Technologies during the second quarter valued at approximately $40,000. Raymond James Financial Inc. bought a new stake in shares of Aduro Clean Technologies during the second quarter valued at approximately $44,000. Geode Capital Management LLC bought a new stake in shares of Aduro Clean Technologies during the second quarter valued at approximately $172,000. NewEdge Advisors LLC raised 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 valued at $189,000 after buying an additional 21,000 shares during the last quarter. Finally, Copperleaf Capital LLC bought a new stake in shares of Aduro Clean Technologies during the second quarter valued at approximately $233,000.

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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