Insider Selling: Colin M. Morris Sells 15,000 Shares of Rentech Stock (RTK)
Rentech (NYSE:RTK) SVP Colin M. Morris sold 15,000 shares of the company’s stock in a transaction that occurred on Monday, January 13th. The shares were sold at an average price of $1.98, for a total transaction of $29,700.00. Following the completion of the sale, the senior vice president now directly owns 546,845 shares in the company, valued at approximately $1,082,753. The transaction was disclosed in a filing with the SEC, which can be accessed through this link.
Rentech (NYSE:RTK) traded up 7.53% during mid-day trading on Monday, hitting $2.00. 5,983,580 shares of the company’s stock traded hands. Rentech has a 52-week low of $1.55 and a 52-week high of $3.18. The stock’s 50-day moving average is $1.74 and its 200-day moving average is $1.96. The company’s market cap is $453.6 million.
Rentech (NYSE:RTK) last issued its quarterly earnings data on Thursday, November 7th. The company reported $0.03 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.02 by $0.01. The company had revenue of $115.80 million for the quarter, compared to the consensus estimate of $121.06 million. The company’s revenue for the quarter was up 92.4% on a year-over-year basis. Analysts expect that Rentech will post $0.01 EPS for the current fiscal year.
RTK has been the subject of a number of recent research reports. Analysts at Zacks upgraded shares of Rentech from an “underperform” rating to a “neutral” rating in a research note to investors on Wednesday, November 13th. They now have a $1.80 price target on the stock. Separately, analysts at Imperial Capital cut their price target on shares of Rentech from $2.70 to $2.00 in a research note to investors on Monday, November 11th. They now have an “outperform” rating on the stock. Finally, analysts at Feltl & Co. raised their price target on shares of Rentech from $68.00 to $85.00 in a research note to investors on Friday, November 8th. They now have a “buy” rating on the stock.
Rentech, Inc (NYSE:RTK), is a provider of clean energy solutions.
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