NEW YORK (

TheStreet

) --

Rentech

(AMEX:

RTK

) hit a new 52-week high Friday as it is currently trading at $1.65, above its previous 52-week high of $1.62 with 2.4 million shares traded as of 10:06 a.m. ET. Average volume has been 1.8 million shares over the past 30 days.

Rentech has a market cap of $268 million and is part of the

basic materials

sector and

chemicals

industry. Shares are up 21.3% year to date as of the close of trading on Thursday.

Rentech Inc. provides alternative and clean energy solutions; and manufactures and sells nitrogen fertilizer products.

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TheStreet Ratings rates Rentech as a

hold

. The company's strengths can be seen in multiple areas, such as its robust revenue growth, solid stock price performance and expanding profit margins. However, as a counter to these strengths, we find that the company has not been very careful in the management of its balance sheet. You can view the full

Rentech Ratings Report

.

See all

52-week high stocks

or get investment ideas from our

investment research center

.

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