Rentech, Inc. (NASDAQ:RTK) released its quarterly earnings results on Thursday. The energy company reported ($0.45) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.30) by $0.15, Morningstar.com reports. Rentech had a negative net margin of 140.19% and a negative return on equity of 33.77%. The firm had revenue of $24.74 million during the quarter.
Shares of Rentech (RTK) opened at 0.2901 on Friday. The company has a market capitalization of $6.73 million, a PE ratio of 0.0522 and a beta of 1.27. The stock has a 50 day moving average of $0.49 and a 200-day moving average of $0.79. Rentech has a 12-month low of $0.28 and a 12-month high of $3.97.
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Hedge funds have recently added to or reduced their stakes in the company. 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. Hedge funds and other institutional investors own 31.01% 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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