REX American Resources Corp. (REX) Sets New 52-Week High at $66.12
REX American Resources Corp. (NYSE:REX)’s share price hit a new 52-week high during mid-day trading on Wednesday . The company traded as high as $66.12 and last traded at $65.29, with a volume of 73,540 shares changing hands. The stock had previously closed at $64.77.
Separately, Singular Research reduced their price objective on shares of REX American Resources Corp. from $67.50 to $60.00 and set a “buy” rating on the stock in a research note on Monday, April 4th.
The firm has a 50-day moving average price of $60.78 and a 200 day moving average price of $55.03. The stock has a market cap of $427.06 million and a P/E ratio of 15.00.
REX American Resources Corp. (NYSE:REX) last issued its quarterly earnings results on Thursday, June 2nd. The company reported $0.43 earnings per share for the quarter, missing the Zacks’ consensus estimate of $1.01 by $0.58. The firm had revenue of $100.20 million for the quarter, compared to the consensus estimate of $105.02 million. Equities analysts anticipate that REX American Resources Corp. will post $3.81 EPS for the current year.
In other news, Director Lawrence Tomchin sold 2,000 shares of the company’s stock in a transaction that occurred on Friday, July 1st. The shares were sold at an average price of $60.00, for a total transaction of $120,000.00. Following the completion of the sale, the director now owns 149,938 shares of the company’s stock, valued at approximately $8,996,280. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink.
A number of institutional investors recently added to or reduced their stakes in the company. First Trust Advisors LP bought a new position in REX American Resources Corp. during the fourth quarter worth about $2,757,000. Schroder Investment Management Group boosted its position in REX American Resources Corp. by 219.4% in the fourth quarter. Schroder Investment Management Group now owns 270,831 shares of the company’s stock worth $14,644,000 after buying an additional 186,031 shares in the last quarter. Marshall Wace LLP boosted its position in REX American Resources Corp. by 4.2% in the fourth quarter. Marshall Wace LLP now owns 52,978 shares of the company’s stock worth $2,865,000 after buying an additional 2,121 shares in the last quarter. Finally, Matarin Capital Management LLC bought a new position in REX American Resources Corp. during the fourth quarter worth about $4,158,000.
Rex American Resources Corporation is a holding company. The Company has invested in approximately three ethanol production entities, two of which the Company has a majority ownership interest in. The Company operates through alternative energy segment. The Company’s ethanol investments include One Earth Energy, LLC (One Earth), NuGen Energy, LLC (NuGen) and Big River Resources, LLC (Big River).
Get Analysts' Upgrades and Downgrades Daily - Enter your email address below to receive a concise daily summary of analysts' upgrades, downgrades and new coverage with MarketBeat.com's FREE daily email newsletter.