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.

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