Rentech, Inc. (NASDAQ:RTK) Announces Quarterly Earnings Results
Rentech, Inc. (NASDAQ:RTK) released its earnings results on Thursday. The energy company reported ($0.45) EPS for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.30) by $0.15, Morningstar.com reports. Rentech had a net margin of 114.60% and a return on equity of 24.08%. The company had revenue of $24.74 million for the quarter.
Rentech (NASDAQ:RTK) traded down 6.4495% during trading on Friday, hitting $0.2901. 280,409 shares of the stock traded hands. The stock has a market cap of $6.73 million, a P/E ratio of 0.0522 and a beta of 1.27. The firm’s 50-day moving average is $0.49 and its 200 day moving average is $0.79. Rentech has a 52 week low of $0.28 and a 52 week high of $3.97.
Several institutional investors have recently modified their holdings of RTK. Vanguard Group Inc. raised its position in shares of Rentech by 8.0% in the second quarter. Vanguard Group Inc. now owns 513,353 shares of the energy company’s stock valued at $233,000 after buying an additional 38,097 shares in the last quarter. Renaissance Technologies LLC raised its position in shares of Rentech by 4.0% in the fourth quarter. Renaissance Technologies LLC now owns 816,174 shares of the energy company’s stock valued at $2,024,000 after buying an additional 31,200 shares in the last quarter. Finally, Raging Capital Management LLC raised its position in shares of Rentech by 119.1% in the first quarter. Raging Capital Management LLC now owns 4,366,781 shares of the energy company’s stock valued at $2,183,000 after buying an additional 2,373,525 shares in the last quarter. Institutional investors and hedge funds own 31.01% of the company’s stock.
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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