Rentech, Inc. (NASDAQ:RTK) major shareholder William C. Martin sold 139,221 shares of the company’s stock in a transaction that occurred on Tuesday, October 10th. The stock was sold at an average price of $0.26, for a total value of $36,197.46. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Large shareholders that own more than 10% of a company’s shares are required to disclose their sales and purchases with the SEC.

Shares of Rentech, Inc. (RTK) traded up 4.71% during mid-day trading on Friday, reaching $0.20. The company’s stock had a trading volume of 2,020,653 shares. The company’s 50-day moving average price is $0.34 and its 200-day moving average price is $0.42. The stock’s market capitalization is $4.64 million. Rentech, Inc. has a 12-month low of $0.19 and a 12-month high of $3.04.

Rentech (NASDAQ:RTK) last released its earnings results on Thursday, August 10th. The energy company reported ($0.45) earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.30) by ($0.15). The company had revenue of $24.74 million for the quarter. Rentech had a negative net margin of 140.19% and a negative return on equity of 33.77%. On average, equities research analysts forecast that Rentech, Inc. will post $12.24 earnings per share for the current fiscal year.

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An institutional investor recently raised its position in Rentech stock. Vanguard Group Inc. increased its stake in shares of Rentech, Inc. (NASDAQ:RTK) by 8.0% during the 2nd quarter, according to the company in its most recent filing with the SEC. The fund owned 513,353 shares of the energy company’s stock after purchasing an additional 38,097 shares during the quarter. Vanguard Group Inc. owned 2.21% of Rentech worth $233,000 at the end of the most recent quarter. Institutional investors own 29.36% of the company’s stock.

Rentech Company Profile

Rentech, Inc is a provider of wood fiber processing services, wood chips and wood pellets. The Company’s processing business includes Fulghum Fibres, Inc (Fulghum), which operates approximately 30 wood chipping mills in the United States and South America. The Company provides wood yard operations services.

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