REX American Resources Corp. (REX) Sees Unusually-High Trading Volume
Shares of REX American Resources Corp. (NYSE:REX) saw unusually-strong trading volume on Tuesday . Approximately 100,207 shares changed hands during trading, an increase of 21% from the previous session’s volume of 82,754 shares.The stock last traded at $69.11 and had previously closed at $69.29.
The company has a market capitalization of $460.97 million and a P/E ratio of 16.19. The firm’s 50-day moving average is $64.01 and its 200-day moving average is $56.83.
REX American Resources Corp. (NYSE:REX) last issued its quarterly earnings results on Thursday, June 2nd. The company reported $0.43 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.01 by $0.58. The business had revenue of $100.20 million for the quarter, compared to analysts’ expectations of $105.02 million. Equities research analysts forecast that REX American Resources Corp. will post $3.81 EPS for the current year.
In other REX American Resources Corp. news, Director Lawrence Tomchin sold 2,000 shares of REX American Resources Corp. stock in a transaction on Friday, July 1st. The shares were sold at an average price of $60.00, for a total value of $120,000.00. Following the sale, the director now directly 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 can be accessed through this link.
An institutional investor recently raised its position in REX American Resources Corp. stock. Marshall Wace LLP raised its stake in shares of 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 (SEC). The institutional investor 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 at the end of the most recent quarter.
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).
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