Montana Technologies (NASDAQ:AIRJ - Get Free Report) issued its quarterly earnings results on Tuesday. The company reported ($0.23) earnings per share for the quarter, missing the consensus estimate of ($0.07) by ($0.16), Zacks reports.
Montana Technologies Stock Performance
Shares of AIRJ stock traded down $0.29 during mid-day trading on Monday, hitting $4.58. The company's stock had a trading volume of 85,216 shares, compared to its average volume of 68,678. Montana Technologies has a 52-week low of $4.42 and a 52-week high of $21.78. The stock has a market cap of $255.76 million, a price-to-earnings ratio of 24.11 and a beta of 0.20. The business has a 50-day moving average price of $7.77 and a 200 day moving average price of $7.47.
Hedge Funds Weigh In On Montana Technologies
An institutional investor recently raised its position in Montana Technologies stock. Bank of America Corp DE boosted its stake in shares of Montana Technologies Co. (NASDAQ:AIRJ - Free Report) by 8,851.2% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 11,189 shares of the company's stock after purchasing an additional 11,064 shares during the period. Bank of America Corp DE's holdings in Montana Technologies were worth $89,000 at the end of the most recent reporting period. Institutional investors own 63.65% of the company's stock.
Wall Street Analyst Weigh In
Several equities analysts have recently issued reports on the stock. HC Wainwright reiterated a "buy" rating and set a $12.00 target price on shares of Montana Technologies in a report on Thursday. Alliance Global Partners began coverage on shares of Montana Technologies in a research note on Monday, February 24th. They set a "buy" rating and a $11.00 price objective for the company.
Read Our Latest Report on AIRJ
About Montana Technologies
(
Get Free Report)
Montana Technologies Corporation operates as an atmospheric renewable energy and water harvesting technology company. It provides energy and dehumidification, evaporative cooling, and atmospheric water generation through its AirJoule technology. The company is headquartered in Ronan, Montana.
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