Aduro Clean Technologies (NASDAQ:ADUR) Posts Quarterly Earnings Results, Beats Estimates By $0.04 EPS

Aduro Clean Technologies (NASDAQ:ADUR) announced its quarterly earnings results on Thursday. The company reported ($0.07) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.11) by $0.04, Zacks reports.

Aduro Clean Technologies Trading Up 0.1%

Shares of ADUR stock traded up $0.01 during trading hours on Thursday, hitting $10.00. 479,261 shares of the company were exchanged, compared to its average volume of 427,412. Aduro Clean Technologies has a 52 week low of $9.00 and a 52 week high of $18.19. The business has a 50 day moving average of $13.52 and a two-hundred day moving average of $13.64. The company has a market capitalization of $353.10 million, a PE ratio of -16.13 and a beta of 3.28.

Analysts Set New Price Targets

Several research analysts have weighed in on ADUR shares. Zacks Research lowered Aduro Clean Technologies from a “hold” rating to a “strong sell” rating in a report on Friday, September 25th. Weiss Ratings restated a “sell (d-)” rating on shares of Aduro Clean Technologies in a report on Friday, July 17th. Wall Street Zen downgraded Aduro Clean Technologies from a “sell” rating to a “strong sell” rating in a report on Saturday, September 5th. Roth Capital initiated coverage on Aduro Clean Technologies in a research report on Monday, July 27th. They set a “buy” rating and a $30.00 price target on the stock. Finally, HC Wainwright reiterated a “buy” rating and set a $22.00 price objective on shares of Aduro Clean Technologies in a report on Wednesday, September 23rd. One research analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating and two have given a Sell rating to the company’s stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $29.25.

About Aduro Clean Technologies

Aduro Clean Technologies Inc (NASDAQ: ADUR) is a Canadian technology company developing chemical recycling and resource-upgrading solutions. Its proprietary Hydrochemolytic™ technology uses water, catalysts and controlled process conditions to convert difficult-to-process feedstocks into higher-value products.

The company’s platform is designed for applications including the conversion of plastic waste into reusable hydrocarbon feedstocks, the upgrading of renewable oils into lower-carbon fuels and chemicals, and the treatment of heavy oil and bitumen.