Rentech CFO Sells $177,664 in Stock (RTK)
Rentech (NYSE:RTK) CFO Dan J. Cohrs unloaded 68,596 shares of the company’s stock on the open market in a transaction that occurred on Friday, June 20th. The stock was sold at an average price of $2.59, for a total transaction of $177,663.64. Following the sale, the chief financial officer now directly owns 731,011 shares in the company, valued at approximately $1,893,318. The transaction was disclosed in a filing with the SEC, which is available at this link.
Shares of Rentech (NYSE:RTK) traded up 1.16% on Monday, hitting $2.61. The stock had a trading volume of 3,433,096 shares. Rentech has a 52 week low of $1.55 and a 52 week high of $2.70. The stock’s 50-day moving average is $2. and its 200-day moving average is $1.98. The company’s market cap is $594.2 million.
Rentech (NYSE:RTK) last posted its quarterly earnings results on Tuesday, May 13th. The company reported ($0.03) earnings per share for the quarter, meeting the analysts’ consensus estimate of ($0.03). The company had revenue of $84.80 million for the quarter, compared to the consensus estimate of $84.83 million. During the same quarter last year, the company posted ($0.02) earnings per share. Rentech’s revenue was up 42.4% compared to the same quarter last year. On average, analysts predict that Rentech will post $-0.03 earnings per share for the current fiscal year.
RTK has been the subject of a number of recent research reports. Analysts at Imperial Capital reiterated an “outperform” rating on shares of Rentech in a research note on Thursday, May 15th. They now have a $3.00 price target on the stock, up previously from $2.40. Separately, analysts at Feltl & Co. upgraded shares of Rentech from a “buy” rating to a “strong-buy” rating in a research note on Wednesday, May 14th.
Rentech, Inc (NYSE:RTK) is a provider of clean energy solutions.
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