Aduro Clean Technologies (NASDAQ:ADUR) Issues Quarterly Earnings Results, Misses Expectations By $0.19 EPS

Aduro Clean Technologies (NASDAQ:ADUR – Get Free Report) posted its quarterly earnings data on Monday. The company reported ($0.27) EPS for the quarter, missing analysts’ consensus estimates of ($0.08) by ($0.19), Zacks reports. The company had revenue of $0.09 million for the quarter, compared to the consensus estimate of $0.06 million. Aduro Clean Technologies had a negative net margin of 6,393.09% and a negative return on equity of 85.29%.

Aduro Clean Technologies Stock Down 2.5%

Shares of NASDAQ ADUR opened at $13.82 on Tuesday. The stock’s fifty day simple moving average is $14.92 and its 200 day simple moving average is $13.34. The stock has a market capitalization of $488.03 million, a price-to-earnings ratio of -31.41 and a beta of 3.27. Aduro Clean Technologies has a 52-week low of $9.00 and a 52-week high of $18.19.

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Institutional Trading of Aduro Clean Technologies

Hedge funds and other institutional investors have recently modified their holdings of the business. Wells Fargo & Company MN grew its position in Aduro Clean Technologies by 800.0% during the fourth quarter. Wells Fargo & Company MN now owns 2,700 shares of the company’s stock valued at $28,000 after purchasing an additional 2,400 shares in the last quarter. Raymond James Financial Inc. purchased a new position in shares of Aduro Clean Technologies during the 2nd quarter valued at $44,000. Virtu Financial LLC acquired a new position in shares of Aduro Clean Technologies in the fourth quarter worth $112,000. Engineers Gate Manager LP acquired a new position in shares of Aduro Clean Technologies in the fourth quarter worth $159,000. Finally, Boothbay Fund Management LLC purchased a new stake in shares of Aduro Clean Technologies during the third quarter worth $164,000.

Wall Street Analyst Weigh In

Several equities research analysts have weighed in on the company. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Aduro Clean Technologies in a research report on Friday, July 17th. Roth Capital assumed coverage on shares of Aduro Clean Technologies in a research report on Monday, July 27th. They issued a “buy” rating and a $30.00 target price for the company. LADENBURG THALM/SH SH upgraded shares of Aduro Clean Technologies to a “strong-buy” rating in a research note on Wednesday, May 6th. Finally, Wall Street Zen raised Aduro Clean Technologies from a “strong sell” rating to a “sell” rating in a report on Sunday, May 31st. One research analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating, one has issued a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $29.25.

Read Our Latest Research Report on ADUR

About Aduro Clean Technologies

(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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