Montana Technologies (NASDAQ:AIRJ - Get Free Report) issued its earnings results on Monday. The company reported ($0.02) earnings per share for the quarter, topping analysts' consensus estimates of ($0.06) by $0.04, Zacks reports.
Montana Technologies Stock Down 1.8%
Shares of AIRJ traded down $0.08 during trading hours on Friday, hitting $4.42. The company had a trading volume of 98,495 shares, compared to its average volume of 77,590. The firm has a market cap of $247.51 million, a P/E ratio of 6.05 and a beta of 0.49. The stock's 50 day moving average price is $5.43 and its 200 day moving average price is $7.14. Montana Technologies has a 52-week low of $4.24 and a 52-week high of $21.78.
Institutional Inflows and Outflows
A hedge fund recently raised its stake in Montana Technologies stock. Goldman Sachs Group Inc. lifted its stake in Montana Technologies Co. (NASDAQ:AIRJ - Free Report) by 46.4% during the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 85,150 shares of the company's stock after buying an additional 26,995 shares during the period. Goldman Sachs Group Inc. owned approximately 0.15% of Montana Technologies worth $393,000 as of its most recent SEC filing. Institutional investors and hedge funds own 63.65% of the company's stock.
Analyst Ratings Changes
A number of equities research analysts have weighed in on the company. Alliance Global Partners assumed coverage on Montana Technologies in a research report on Monday, February 24th. They set a "buy" rating and a $11.00 price target on the stock. HC Wainwright restated a "buy" rating and set a $12.00 price target on shares of Montana Technologies in a research report on Thursday, March 27th.
Get Our Latest Analysis on AIRJ
About Montana Technologies
(
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Montana Technologies Corporation operates as an atmospheric renewable energy and water harvesting technology company. It provides energy and dehumidification, evaporative cooling, and atmospheric water generation through its AirJoule technology. The company is headquartered in Ronan, Montana.
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