Montauk Renewables (NASDAQ:MNTK) Issues Earnings Results

Montauk Renewables (NASDAQ:MNTK) announced its quarterly earnings results on Thursday. The company reported ($0.06) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.12 by ($0.18), Zacks reports. Montauk Renewables had a return on equity of 8.88% and a net margin of 11.80%.

Montauk Renewables Price Performance

Montauk Renewables stock opened at $2.73 on Thursday. The stock’s 50 day moving average price is $4.08 and its two-hundred day moving average price is $4.50. The stock has a market capitalization of $391.97 million, a price-to-earnings ratio of 18.35 and a beta of -0.20. The company has a debt-to-equity ratio of 0.17, a quick ratio of 2.04 and a current ratio of 2.04. Montauk Renewables has a 52-week low of $2.71 and a 52-week high of $6.22.

Montauk Renewables Company Profile

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.