Montana Technologies (NASDAQ:AIRJ) Shares Gap Down to $10.78

Montana Technologies Co. (NASDAQ:AIRJ)’s share price gapped down before the market opened on Wednesday . The stock had previously closed at $10.78, but opened at $10.52. Montana Technologies shares last traded at $10.52, with a volume of 2,089 shares.

Montana Technologies Trading Down 1.6 %

The business’s 50-day simple moving average is $11.98.

Montana Technologies (NASDAQ:AIRJ) last issued its quarterly earnings data on Monday, May 20th. The company reported ($0.28) earnings per share (EPS) for the quarter.

Institutional Investors Weigh In On Montana Technologies

An institutional investor recently bought a new position in Montana Technologies stock. K2 Principal Fund L.P. purchased a new position in shares of Montana Technologies Co. (NASDAQ:AIRJ) during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 83,963 shares of the company’s stock, valued at approximately $948,000. K2 Principal Fund L.P. owned approximately 0.47% of Montana Technologies as of its most recent filing with the Securities and Exchange Commission (SEC). Hedge funds and other institutional investors own 63.65% of the company’s stock.

Montana Technologies Company Profile

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.