D. Boral Capital Has Lowered Expectations for Aduro Clean Technologies (NASDAQ:ADUR) Stock Price

Aduro Clean Technologies (NASDAQ:ADUR) had its price objective cut by analysts at D. Boral Capital from $50.00 to $48.00 in a research note issued on Wednesday,Benzinga reports. The firm presently has a “buy” rating on the stock. D. Boral Capital’s price objective would indicate a potential upside of 447.95% from the company’s previous close.

Aduro Clean Technologies Price Performance

Shares of NASDAQ ADUR opened at $8.76 on Wednesday. Aduro Clean Technologies has a 1-year low of $2.86 and a 1-year high of $11.97. The company has a market capitalization of $249.12 million and a price-to-earnings ratio of -35.04. The business has a 50-day moving average of $6.37 and a 200-day moving average of $5.82.

Hedge Funds Weigh In On Aduro Clean Technologies

An institutional investor recently bought a new position in Aduro Clean Technologies stock. Citadel Advisors LLC bought a new stake in Aduro Clean Technologies Inc. (NASDAQ:ADUR) in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor bought 22,278 shares of the company’s stock, valued at approximately $139,000. Citadel Advisors LLC owned 0.08% of Aduro Clean Technologies at the end of the most recent quarter.

Aduro Clean Technologies Company Profile

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.