NEW YORK (

TheStreet

) -- Shares of

Rentech

(AMEX:

RTK

) were gapping up Wednesday morning with an open price 10.8% higher than Tuesday's closing price. The stock closed at $1.20 Tuesday and opened today's trading at $1.33.

The average volume for Rentech has been 1.5 million shares per day over the past 30 days. Rentech has a market cap of $272.5 million and is part of the

basic materials

sector and

chemicals

industry. Shares are down 1.6% year to date as of the close of trading on Tuesday.

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

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

.

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