Montauk Renewables, Inc. (NASDAQ:MNTK – Get Free Report)’s share price gapped up before the market opened on Thursday . The stock had previously closed at $3.98, but opened at $4.21. Montauk Renewables shares last traded at $4.53, with a volume of 72,689 shares.
Montauk Renewables Price Performance
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 business’s fifty day simple moving average is $4.46 and its 200 day simple moving average is $4.91. The stock has a market cap of $708.24 million, a price-to-earnings ratio of 30.88 and a beta of -0.30.
Institutional Investors Weigh In On Montauk Renewables
Hedge funds have recently bought and sold shares of the business. Point72 Asia Singapore Pte. Ltd. raised its holdings in Montauk Renewables by 105.0% in the third 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. Bleakley Financial Group LLC acquired a new stake in shares of Montauk Renewables in the 3rd quarter valued at about $73,000. Townsquare Capital LLC acquired a new stake in shares of Montauk Renewables in the 3rd quarter valued at about $75,000. SG Americas Securities LLC bought a new position in shares of Montauk Renewables during the third quarter worth about $114,000. Finally, Principal Financial Group Inc. grew its stake in Montauk Renewables by 8.9% in the second quarter. Principal Financial Group Inc. now owns 25,902 shares of the company’s stock worth $148,000 after purchasing an additional 2,107 shares in the last quarter. Institutional investors and hedge funds own 16.35% of the company’s stock.
Montauk Renewables Company Profile
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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