Montana Technologies Co. (NASDAQ:AIRJ - Get Free Report)'s share price fell 4.6% during mid-day trading on Thursday . The company traded as low as $3.86 and last traded at $3.95. 82,521 shares traded hands during mid-day trading, an increase of 7% from the average session volume of 77,228 shares. The stock had previously closed at $4.14.
Analyst Ratings Changes
A number of research firms recently commented on AIRJ. HC Wainwright reiterated a "buy" rating and set a $12.00 price target on shares of Montana Technologies in a report on Thursday, March 27th. Alliance Global Partners began coverage on shares of Montana Technologies in a report on Monday, February 24th. They set a "buy" rating and a $11.00 price target for the company.
View Our Latest Research Report on Montana Technologies
Montana Technologies Trading Down 3.0%
The stock's fifty day moving average is $4.74 and its 200 day moving average is $7.01. The company has a market capitalization of $214.47 million, a P/E ratio of 5.25 and a beta of 0.49.
Montana Technologies (NASDAQ:AIRJ - Get Free Report) last issued its quarterly earnings data on Monday, May 12th. The company reported ($0.02) EPS for the quarter, topping the consensus estimate of ($0.06) by $0.04. On average, analysts expect that Montana Technologies Co. will post 4.97 EPS for the current fiscal year.
Institutional Inflows and Outflows
Several institutional investors have recently added to or reduced their stakes in the stock. U.S. Capital Wealth Advisors LLC raised its holdings in Montana Technologies by 19.4% in the 4th quarter. U.S. Capital Wealth Advisors LLC now owns 18,500 shares of the company's stock worth $147,000 after purchasing an additional 3,000 shares in the last quarter. Northern Trust Corp raised its holdings in Montana Technologies by 24.9% in the 4th quarter. Northern Trust Corp now owns 35,858 shares of the company's stock worth $286,000 after purchasing an additional 7,150 shares in the last quarter. Y Intercept Hong Kong Ltd bought a new position in Montana Technologies in the 1st quarter worth $46,000. Millennium Management LLC bought a new position in Montana Technologies in the 4th quarter worth $85,000. Finally, OMERS ADMINISTRATION Corp bought a new position in shares of Montana Technologies in the 1st quarter worth about $50,000. 63.65% of the stock is currently owned by institutional investors.
About Montana Technologies
(
Get Free Report)
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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