Montauk Renewables, Inc. (NASDAQ:MNTK – Get Free Report) shares 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 trading hands.
Montauk Renewables Stock Performance
The business’s 50 day moving average is $4.16 and its 200 day moving average is $4.76. The stock has a market capitalization of $592.12 million, a PE ratio of 25.81 and a beta of -0.26. The company has a current ratio of 2.04, a quick ratio of 2.04 and a debt-to-equity ratio of 0.17.
Hedge Funds Weigh In On Montauk Renewables
A number of large investors have recently bought and sold shares of MNTK. Point72 Asia Singapore Pte. Ltd. boosted its stake in shares of Montauk Renewables by 105.0% during the third quarter. Point72 Asia Singapore Pte. Ltd. now owns 4,898 shares of the company’s stock valued at $26,000 after purchasing an additional 2,509 shares during the period. N.E.W. Advisory Services LLC purchased a new stake in Montauk Renewables in the 4th quarter valued at about $40,000. Bleakley Financial Group LLC bought a new position in Montauk Renewables in the 3rd quarter worth about $73,000. Townsquare Capital LLC purchased a new position in shares of Montauk Renewables during the third quarter worth approximately $75,000. Finally, SG Americas Securities LLC bought a new stake in shares of Montauk Renewables during the third quarter valued at approximately $114,000. Hedge funds and other institutional investors 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.
See Also
- Five stocks we like better than Montauk Renewables
- Best Stocks Under $10.00
- Kimberly-Clark: A Regal Opportunity in This Dividend King
- Stock Dividend Cuts Happen Are You Ready?
- 5 Stocks With Above-Market Yields Just Raised Payments Further
- Top Biotech Stocks: Exploring Innovation Opportunities
- Arista Networks’ Stock Plunge: Buying Opportunity for Investors?
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.
