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

Shares of Montana Technologies Co. (NASDAQ:AIRJ) were down 6.1% on Friday . The company traded as low as $11.05 and last traded at $11.11. Approximately 29,738 shares changed hands 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 business’s 50-day moving average price is $12.02.

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

Institutional Investors Weigh In On Montana Technologies

A hedge fund recently bought a new stake in Montana Technologies stock. K2 Principal Fund L.P. acquired a new position in Montana Technologies Co. (NASDAQ:AIRJ) in the 1st quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm acquired 83,963 shares of the company’s stock, valued at approximately $948,000. K2 Principal Fund L.P. owned about 0.47% of Montana Technologies as of its most recent SEC filing. 63.65% of the stock is owned by institutional investors.

About Montana Technologies

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.