Montana Technologies (NASDAQ:AIRJ) Stock Price Down 6.1%

Shares of Montana Technologies Co. (NASDAQ:AIRJ) were down 6.1% during mid-day trading on Friday . The company traded as low as $11.05 and last traded at $11.11. Approximately 29,738 shares were traded during trading, a decline of 69% from the average daily volume of 95,161 shares. The stock had previously closed at $11.83.

Montana Technologies Stock Down 12.8 %

The firm has a 50 day moving average of $12.02.

Montana Technologies (NASDAQ:AIRJ) last issued its earnings results 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 Montana Technologies Co. (NASDAQ:AIRJ) during the first quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor purchased 83,963 shares of the company’s stock, valued at approximately $948,000. K2 Principal Fund L.P. owned 0.47% of Montana Technologies at the end of the most recent reporting period. 63.65% of the stock is currently owned by institutional investors and hedge funds.

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.