Montauk Renewables, Inc. (NASDAQ:MNTK - Get Free Report)'s stock price gapped up prior to trading on Tuesday . The stock had previously closed at $4.19, but opened at $4.40. Montauk Renewables shares last traded at $4.27, with a volume of 144,546 shares changing hands.
Montauk Renewables Stock Performance
The stock has a market cap of $617.92 million, a P/E ratio of 26.94 and a beta of -0.26. The company has a debt-to-equity ratio of 0.17, a quick ratio of 2.04 and a current ratio of 2.04. The firm's 50 day moving average is $4.16 and its 200 day moving average is $4.76.
Institutional Investors Weigh In On Montauk Renewables
Several large investors have recently bought and sold shares of MNTK. Geode Capital Management LLC increased its position in shares of Montauk Renewables by 0.6% during the 3rd quarter. Geode Capital Management LLC now owns 1,636,368 shares of the company's stock worth $8,527,000 after purchasing an additional 9,203 shares during the last quarter. State Street Corp grew its stake in Montauk Renewables by 1.6% during the 3rd quarter. State Street Corp now owns 1,613,351 shares of the company's stock worth $8,406,000 after buying an additional 25,732 shares during the last quarter. Dimensional Fund Advisors LP boosted its stake in Montauk Renewables by 1.5% during the 2nd quarter. Dimensional Fund Advisors LP now owns 702,914 shares of the company's stock worth $4,007,000 after purchasing an additional 10,711 shares during the period. JPMorgan Chase & Co. increased its position in Montauk Renewables by 237.4% in the 3rd quarter. JPMorgan Chase & Co. now owns 173,483 shares of the company's stock valued at $904,000 after acquiring an additional 122,072 shares during the period. Finally, Marshall Wace LLP acquired a new position in Montauk Renewables in the 2nd quarter valued at $962,000. 16.35% of the stock is currently owned by hedge funds and other institutional investors.
About Montauk Renewables
(
Get Free Report)
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.
Featured Stories
Before you consider Montauk Renewables, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Montauk Renewables wasn't on the list.
While Montauk Renewables currently has a "Hold" rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
MarketBeat's analysts have just released their top five short plays for February 2025. Learn which stocks have the most short interest and how to trade them. Enter your email address to see which companies made the list.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
