Montauk Renewables, Inc. (NASDAQ:MNTK - Get Free Report)'s stock price rose 9.2% during mid-day trading on Friday . The stock traded as high as $4.74 and last traded at $4.74. Approximately 123,357 shares changed hands during trading, a decline of 43% from the average daily volume of 214,782 shares. The stock had previously closed at $4.34.
Montauk Renewables Stock Performance
The business has a 50-day simple moving average of $4.46 and a 200 day simple moving average of $4.91. 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 firm has a market cap of $708.24 million, a PE ratio of 30.88 and a beta of -0.30.
Hedge Funds Weigh In On Montauk Renewables
A number of hedge funds have recently modified their holdings of the company. JPMorgan Chase & Co. lifted its position in shares of Montauk Renewables by 237.4% in the third 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 in the last quarter. Geode Capital Management LLC raised its stake in Montauk Renewables by 0.6% during the 3rd quarter. Geode Capital Management LLC now owns 1,636,368 shares of the company's stock valued at $8,527,000 after purchasing an additional 9,203 shares during the period. Zacks Investment Management raised its stake in Montauk Renewables by 336.5% during the 3rd quarter. Zacks Investment Management now owns 72,258 shares of the company's stock valued at $376,000 after purchasing an additional 55,705 shares during the period. State Street Corp lifted its holdings in Montauk Renewables by 1.6% in the 3rd quarter. State Street Corp now owns 1,613,351 shares of the company's stock worth $8,406,000 after purchasing an additional 25,732 shares in the last quarter. Finally, Point72 Asia Singapore Pte. Ltd. boosted its stake in Montauk Renewables by 105.0% in the 3rd quarter. Point72 Asia Singapore Pte. Ltd. now owns 4,898 shares of the company's stock worth $26,000 after purchasing an additional 2,509 shares during the period. 16.35% of the stock is currently owned by institutional investors.
Montauk Renewables Company Profile
(
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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.
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