REX American Resources Corp. (REX) Hits New 1-Year High at $69.10
REX American Resources Corp. (NYSE:REX) hit a new 52-week high on Friday . The company traded as high as $69.10 and last traded at $68.46, with a volume of 31,162 shares changing hands. The stock had previously closed at $67.86.
The firm’s 50 day moving average price is $63.00 and its 200 day moving average price is $56.32. The firm has a market cap of $449.03 million and a PE ratio of 15.77.
REX American Resources Corp. (NYSE:REX) last announced its earnings results on Thursday, June 2nd. The company reported $0.43 earnings per share for the quarter, missing analysts’ consensus estimates of $1.01 by $0.58. The firm earned $100.20 million during the quarter, compared to analysts’ expectations of $105.02 million. On average, analysts expect that REX American Resources Corp. will post $3.81 earnings per share for the current year.
In other news, Director Lawrence Tomchin sold 2,000 shares of the business’s stock in a transaction that occurred on Friday, July 1st. The stock was sold at an average price of $60.00, for a total value of $120,000.00. Following the transaction, the director now owns 149,938 shares in the company, valued at approximately $8,996,280. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link.
An institutional investor recently raised its position in REX American Resources Corp. stock. Marshall Wace LLP raised its position in REX American Resources Corp. (NYSE:REX) by 4.2% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 52,978 shares of the company’s stock after buying an additional 2,121 shares during the period. Marshall Wace LLP owned about 0.77% of REX American Resources Corp. worth $2,865,000 as of its most recent filing with the SEC.
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).