Today’s Stock Alert: It Seems Rentech, Inc. Will Go Down. Have Another Big Decline

Today's Stock Alert: It Seems Rentech, Inc. Will Go Down. Have Another Big Decline

The stock of Rentech, Inc. (NASDAQ:RTK) is a huge mover today! About 294,268 shares traded hands or 251.44% up from the average. Rentech, Inc. (NASDAQ:RTK) has declined 32.13% since April 8, 2016 and is downtrending. It has underperformed by 37.78% the S&P500.
The move comes after 5 months negative chart setup for the $48.66M company. It was reported on Nov, 10 by Barchart.com. We have $1.77 PT which if reached, will make NASDAQ:RTK worth $6.33 million less.

Analysts await Rentech, Inc. (NASDAQ:RTK) to report earnings on November, 14. They expect $-0.19 earnings per share, down 150.00% or $0.57 from last year’s $0.38 per share. After $3.42 actual earnings per share 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 recent Rentech, Inc. (NASDAQ:RTK) news were published by: Quotes.Wsj.com which released: “News Rentech Inc.RTK” on February 13, 2011. Also Businesswire.com published the news titled: “Rentech Announces 1-for-10 Reverse Stock Split” on August 04, 2015. Businesswire.com‘s news article titled: “Rentech Appoints Jeffrey R. Spain as Chief Financial Officer” with publication date: December 07, 2015 was also an interesting one.

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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