Rentech SVP Colin Morris Sells 15,000 Shares (RTK)
Rentech (NYSE:RTK) SVP Colin Morris sold 15,000 shares of Rentech stock in a transaction dated Friday, September 20th. The shares were sold at an average price of $2.11, for a total transaction of $31,650.00. Following the transaction, the senior vice president now directly owns 444,093 shares of the company’s stock, valued at approximately $937,036. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link.
RTK has been the subject of a number of recent research reports. Analysts at Imperial Capital cut their price target on shares of Rentech (NYSE:RTK) from $3.80 to $2.70 in a research note to investors on Tuesday, August 13th. They now have an “outperform” rating on the stock. Analysts at Zacks upgraded shares of Rentech (NYSE:RTK) from an “underperform” rating to a “neutral” rating in a research note to investors on Wednesday, July 17th. They now have a $2.30 price target on the stock.
Shares of Rentech (NYSE:RTK) opened at 2.04 on Wednesday. Rentech has a 52-week low of $1.82 and a 52-week high of $3.18. The stock has a 50-day moving average of $2.03 and a 200-day moving average of $2.17. The company has a market cap of $461.7 million and a price-to-earnings ratio of 68.00.
Rentech (NYSE:RTK) last posted its quarterly earnings results on Thursday, August 8th. The company reported $0.04 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.07 by $0.03. The company had revenue of $120.20 million for the quarter, compared to the consensus estimate of $145.91 million. The company’s revenue for the quarter was up 70.0% on a year-over-year basis. Analysts expect that Rentech will post $0.08 EPS for the current fiscal year.
Rentech, Inc (NYSE:RTK), is a provider of clean energy solutions.
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