Montauk Renewables (NASDAQ:MNTK) Shares Down 7.6% – Time to Sell?

Montauk Renewables, Inc. (NASDAQ:MNTK)’s share price fell 7.6% during mid-day trading on Friday . The company traded as low as $3.59 and last traded at $3.53. 29,720 shares traded hands during mid-day trading, a decline of 78% from the average session volume of 133,809 shares. The stock had previously closed at $3.82.

Montauk Renewables Stock Down 10.2 %

The company has a market cap of $491.75 million, a PE ratio of 21.44 and a beta of -0.25. The stock’s 50 day moving average price is $4.22 and its 200-day moving average price is $4.58. The company has a debt-to-equity ratio of 0.17, a quick ratio of 2.04 and a current ratio of 2.04.

Institutional Investors Weigh In On Montauk Renewables

A number of institutional investors have recently made changes to their positions in the business. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its stake in shares of Montauk Renewables by 24.0% in the 4th quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 280,639 shares of the company’s stock valued at $1,117,000 after purchasing an additional 54,349 shares in the last quarter. ProShare Advisors LLC boosted its stake in shares of Montauk Renewables by 49.0% in the 4th quarter. ProShare Advisors LLC now owns 18,588 shares of the company’s stock valued at $74,000 after purchasing an additional 6,117 shares in the last quarter. Millennium Management LLC bought a new stake in Montauk Renewables during the 4th quarter valued at $132,000. Deutsche Bank AG raised its holdings in Montauk Renewables by 52.6% during the 4th quarter. Deutsche Bank AG now owns 71,267 shares of the company’s stock valued at $284,000 after buying an additional 24,561 shares during the last quarter. Finally, Bank of America Corp DE raised its holdings in Montauk Renewables by 39.3% during the 4th quarter. Bank of America Corp DE now owns 76,088 shares of the company’s stock valued at $303,000 after buying an additional 21,469 shares during the last quarter. Hedge funds and other 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.