Montauk Renewables (NASDAQ:MNTK) Shares Gap Up to $5.15

Montauk Renewables, Inc. (NASDAQ:MNTKGet Free Report)’s stock price gapped up prior to trading on Monday . The stock had previously closed at $5.15, but opened at $5.32. Montauk Renewables shares last traded at $5.37, with a volume of 18,839 shares changing hands.

Analyst Upgrades and Downgrades

A number of brokerages have recently commented on MNTK. Scotiabank lowered their price objective on Montauk Renewables from $9.00 to $8.00 and set a “sector outperform” rating for the company in a research report on Thursday, April 11th. B. Riley reduced their target price on Montauk Renewables from $7.00 to $6.00 and set a “neutral” rating on the stock in a report on Tuesday, May 7th.

Get Our Latest Research Report on Montauk Renewables

Montauk Renewables Stock Down 1.7 %

The company has a quick ratio of 2.27, a current ratio of 2.27 and a debt-to-equity ratio of 0.21. The stock has a fifty day moving average of $5.03 and a two-hundred day moving average of $5.59. The stock has a market cap of $745.80 million, a price-to-earnings ratio of 34.60 and a beta of -0.18.

Montauk Renewables (NASDAQ:MNTKGet Free Report) last released its quarterly earnings results on Thursday, May 9th. The company reported $0.01 EPS for the quarter, topping the consensus estimate of ($0.02) by $0.03. Montauk Renewables had a return on equity of 8.44% and a net margin of 10.58%. The business had revenue of $38.79 million for the quarter. During the same quarter last year, the firm posted ($0.03) EPS. As a group, analysts predict that Montauk Renewables, Inc. will post 0.25 EPS for the current fiscal year.

Institutional Inflows and Outflows

Institutional investors have recently modified their holdings of the business. CWM LLC lifted its stake in shares of Montauk Renewables by 1,425.5% in the second quarter. CWM LLC now owns 4,485 shares of the company’s stock worth $26,000 after acquiring an additional 4,191 shares in the last quarter. BI Asset Management Fondsmaeglerselskab A S increased its holdings in Montauk Renewables by 32.3% in the fourth quarter. BI Asset Management Fondsmaeglerselskab A S now owns 8,507 shares of the company’s stock valued at $76,000 after buying an additional 2,079 shares during the last quarter. Quadrature Capital Ltd bought a new stake in Montauk Renewables in the fourth quarter valued at about $99,000. Moran Wealth Management LLC bought a new stake in Montauk Renewables in the fourth quarter valued at about $170,000. Finally, Zurcher Kantonalbank Zurich Cantonalbank increased its holdings in Montauk Renewables by 42.8% in the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 20,239 shares of the company’s stock valued at $180,000 after buying an additional 6,069 shares during the last quarter. Institutional investors and hedge funds own 16.35% of the company’s stock.

Montauk Renewables Company Profile

(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.

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