Insider Selling: Rentech SVP Sells 15,000 Shares of Stock (RTK)
Rentech (NYSE:RTK) SVP Colin M. Morris sold 15,000 shares of Rentech stock in a transaction that occurred on Monday, July 14th. The shares were sold at an average price of $2.32, for a total value of $34,800.00. Following the completion of the transaction, the senior vice president now directly owns 476,197 shares of the company’s stock, valued at approximately $1,104,777. The sale was disclosed in a legal filing with the SEC, which is available at this link.
Shares of Rentech (NYSE:RTK) traded down 0.87% on Wednesday, hitting $2.28. The stock had a trading volume of 1,720,127 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 $2.37 and its 200-day moving average is $2.06. The company’s market cap is $519.1 million.
Rentech (NYSE:RTK) last released its earnings data 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. Analysts expect that Rentech will post $-0.03 EPS for the current fiscal year.
Several analysts have recently commented on the stock. 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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