Montauk Renewables, Inc. (NASDAQ:MNTK – Get Free Report)’s stock price traded down 5.1% during mid-day trading on Wednesday . The company traded as low as $4.30 and last traded at $4.26. 67,873 shares were traded during mid-day trading, a decline of 59% from the average session volume of 166,263 shares. The stock had previously closed at $4.49.
Montauk Renewables Price Performance
The company’s 50-day simple moving average is $4.14 and its 200 day simple moving average is $4.80. The company has a quick ratio of 2.04, a current ratio of 2.04 and a debt-to-equity ratio of 0.17. The stock has a market capitalization of $646.60 million, a price-to-earnings ratio of 28.19 and a beta of -0.26.
Institutional Inflows and Outflows
Several institutional investors have recently bought and sold shares of MNTK. Point72 Asia Singapore Pte. Ltd. grew its stake in shares of Montauk Renewables by 105.0% in the third quarter. Point72 Asia Singapore Pte. Ltd. now owns 4,898 shares of the company’s stock worth $26,000 after acquiring an additional 2,509 shares during the last quarter. N.E.W. Advisory Services LLC acquired a new position in shares of Montauk Renewables during the fourth quarter valued at about $40,000. Bleakley Financial Group LLC bought a new stake in shares of Montauk Renewables in the third quarter valued at about $73,000. Townsquare Capital LLC acquired a new stake in Montauk Renewables during the third quarter worth about $75,000. Finally, SG Americas Securities LLC bought a new position in Montauk Renewables during the third quarter valued at about $114,000. Institutional investors own 16.35% of the company’s stock.
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.
See Also
- Five stocks we like better than Montauk Renewables
- How to Plot Fibonacci Price Inflection Levels
- Why Energy Transfer Stock Could Soar to New Highs in 2025
- 3 Fintech Stocks With Good 2021 Prospects
- 3 Buy-and-Hold Stocks for Long-Term Growth
- Uptrend Stocks Explained: Learn How to Trade Using Uptrends
- Despite Short-Term Risks Freeport McMoran Worth a Look
Receive News & Ratings for Montauk Renewables Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Montauk Renewables and related companies with MarketBeat.com's FREE daily email newsletter.
