Montauk Renewables (NASDAQ:MNTK) Shares Down 5.5% - Time to Sell?

Montauk Renewables, Inc. (NASDAQ:MNTK - Get Free Report) shares dropped 5.5% during mid-day trading on Wednesday . The company traded as low as $4.39 and last traded at $4.43. Approximately 14,813 shares changed hands during mid-day trading, a decline of 89% from the average daily volume of 137,655 shares. The stock had previously closed at $4.69.

Montauk Renewables Price Performance

The company has a debt-to-equity ratio of 0.17, a current ratio of 2.04 and a quick ratio of 2.04. The company's 50 day simple moving average is $4.21 and its 200 day simple moving average is $4.60. The company has a market capitalization of $603.59 million, a PE ratio of 26.31 and a beta of -0.25.

Institutional Trading of Montauk Renewables

Large investors have recently made changes to their positions in the company. KLP Kapitalforvaltning AS acquired a new position in Montauk Renewables in the 4th quarter valued at about $25,000. Point72 Asia Singapore Pte. Ltd. increased its holdings in Montauk Renewables by 105.0% during the 3rd quarter. Point72 Asia Singapore Pte. Ltd. now owns 4,898 shares of the company's stock valued at $26,000 after acquiring an additional 2,509 shares in the last quarter. N.E.W. Advisory Services LLC acquired a new position in Montauk Renewables during the fourth quarter worth about $40,000. ABC Arbitrage SA acquired a new stake in Montauk Renewables during the 4th quarter valued at $55,000. Finally, ProShare Advisors LLC increased its position in Montauk Renewables by 49.0% during the 4th quarter. ProShare Advisors LLC now owns 18,588 shares of the company's stock worth $74,000 after purchasing an additional 6,117 shares in the last quarter. 16.35% of the stock is owned by institutional investors and hedge funds.

About Montauk Renewables

Montauk Renewables, Inc, a renewable energy company, engages in recovery and processing of biogas from landfills and other non-fossil fuel sources. It operates in two segments, Renewable Natural Gas and Renewable Electricity Generation. The company develops, owns, and operates renewable natural gas (RNG) projects that captures methane and prevents it from being released into the atmosphere by converting it into either RNG or electrical power for the electrical grid.