Aduro Clean Technologies (NASDAQ:ADUR) Shares Gap Down – Time to Sell?

by · The Markets Daily

Aduro Clean Technologies Inc. (NASDAQ:ADUR – Get Free Report)’s share price gapped down before the market opened on Wednesday . The stock had previously closed at $16.88, but opened at $15.44. Aduro Clean Technologies shares last traded at $15.78, with a volume of 215,776 shares.

Analysts Set New Price Targets

A number of research firms recently weighed in on ADUR. D. Boral Capital reaffirmed a “buy” rating and set a $46.00 target price on shares of Aduro Clean Technologies in a report on Friday, April 10th. Weiss Ratings reissued a “sell (d-)” rating on shares of Aduro Clean Technologies in a report on Monday, April 20th. Wall Street Zen raised shares of Aduro Clean Technologies from a “strong sell” rating to a “sell” rating in a report on Sunday, May 31st. Finally, LADENBURG THALM/SH SH raised shares of Aduro Clean Technologies to a “strong-buy” rating in a report on Wednesday, May 6th. One investment analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating, one has issued a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $29.00.

View Our Latest Stock Report on Aduro Clean Technologies

Aduro Clean Technologies Stock Performance

The firm has a market cap of $528.76 million, a PE ratio of -35.52 and a beta of 3.15. The company’s 50-day simple moving average is $13.00 and its two-hundred day simple moving average is $12.36.

Institutional Inflows and Outflows

A number of large investors have recently bought and sold shares of the business. NewEdge Advisors LLC lifted its position in Aduro Clean Technologies by 5.1% during the 4th quarter. NewEdge Advisors LLC now owns 33,344 shares of the company’s stock valued at $345,000 after acquiring an additional 1,604 shares during the period. Wells Fargo & Company MN lifted its position in Aduro Clean Technologies by 800.0% during the 4th quarter. Wells Fargo & Company MN now owns 2,700 shares of the company’s stock valued at $28,000 after acquiring an additional 2,400 shares during the period. Longview Financial Advisors Inc. purchased a new position in Aduro Clean Technologies during the 1st quarter valued at about $28,000. Raymond James Financial Inc. purchased a new position in Aduro Clean Technologies during the 2nd quarter valued at about $44,000. Finally, Virtu Financial LLC purchased a new position in Aduro Clean Technologies during the 4th quarter valued at about $112,000.

Aduro Clean Technologies Company Profile

(Get Free Report)

Aduro Clean Technologies, Inc is a development‐stage clean energy company that designs, develops and seeks to commercialize modular process systems for the production and purification of hydrogen. Listed on the Nasdaq under the ticker ADUR, the company focuses on low‐emission solutions to support the emerging hydrogen economy, including renewable fuel applications, energy storage and industrial gas supply. Aduro Clean Technologies aims to address the growing demand for high‐purity hydrogen across mobility, power generation and chemical processing sectors.

The company’s core technologies include its H2-Conductor platform, a membrane‐based system engineered to separate and purify hydrogen from mixed gas streams, and its H2-Integrate suite of modular reactors capable of producing hydrogen from various feedstocks.

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