REX American Resources Corp. (NYSE:REX) shares shot up 1.8% on Wednesday . The stock traded as high as $72.00 and last traded at $71.50, with a volume of 91,226 shares trading hands. The stock had previously closed at $70.27.

The firm has a market capitalization of $473.57 million and a P/E ratio of 16.63. 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 posted its earnings results on Thursday, June 2nd. The company reported $0.43 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. Analysts anticipate that REX American Resources Corp. will post $3.81 earnings per share for the current fiscal year.

In other news, Director Lawrence Tomchin sold 2,000 shares of the stock in a transaction that occurred 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 completion of the transaction, the director now directly owns 149,938 shares in the company, valued at $8,996,280. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink.

An institutional investor recently raised its position in REX American Resources Corp. stock. Marshall Wace LLP increased its stake in shares of REX American Resources Corp. (NYSE:REX) by 4.2% during the fourth quarter, according to its most recent disclosure with the SEC. 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 0.77% of REX American Resources Corp. worth $2,865,000 at the end of the most recent reporting period.

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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