The stock of Rentech, Inc. (NASDAQ:RTK) is a huge mover today! The stock decreased 3.77% or $0.11 on October 3, hitting $2.81. About 62,208 shares traded hands. Rentech, Inc. (NASDAQ:RTK) has risen 34.45% since March 1, 2016 and is uptrending. It has outperformed by 22.23% the S&P500.
The move comes after 7 months negative chart setup for the $64.94M company. It was reported on Oct, 4 by Barchart.com. We have $2.44 PT which if reached, will make NASDAQ:RTK worth $8.44 million less.
Analysts await Rentech, Inc. (NASDAQ:RTK) to report earnings on November, 14. They expect $-0.19 EPS, down 150.00% or $0.57 from last year’s $0.38 per share. After $3.42 actual EPS reported by Rentech, Inc. for the previous quarter, Wall Street now forecasts -105.56% negative EPS growth.
According to Zacks Investment Research, “Rentech, Inc. has developed and own a proprietary and patented gas-to-liquids process that converts carbon bearing gases, liquids and solids into valuable liquid hydrocarbon products. The technology works with various feedstocks, including natural gas and industrial off-gas, heavy crude oil and refinery byproducts, and coal and petroleum coke, among other carbon-bearing materials.”
More news for Rentech, Inc. (NASDAQ:RTK) were recently published by: Quotes.Wsj.com, which released: “News Rentech Inc.RTK” on February 13, 2011. Businesswire.com‘s article titled: “Rentech, Inc. Announces Management Change” and published on December 10, 2014 is yet another important article.
RTK Company Profile
Rentech, Inc., incorporated on December 18, 1981, is a well-known 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 Firm provides wood yard activities services. The Firm operates a wood fiber processing business. It also operates through its subsidiary, New England Wood Pellet, LLC (NEWP). The Company’s divisions include Fulghum Fibres, which involves the activities of Fulghum; Wood Pellets: Industrial, which includes its facilities and wood pellet development activities, and Wood Pellets: NEWP, which involves in the activities of NEWP and produces wood pellets for the residential and commercial heating markets in the United States, and it also includes Allegheny Pellet Corporation’s (Allegheny’s) operations.
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