REX American Resources Corp. (REX) Sees Unusually-High Trading Volume
Shares of REX American Resources Corp. (NYSE:REX) saw unusually-high 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 stock has a market capitalization of $473.44 million and a price-to-earnings ratio of 16.63. The company has a 50-day moving average of $64.45 and a 200-day moving average of $56.94.
REX American Resources Corp. (NYSE:REX) last announced its quarterly earnings data 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 firm had revenue of $100.20 million for the quarter, compared to analyst estimates of $105.02 million. Equities research analysts expect that REX American Resources Corp. will post $3.81 EPS for the current fiscal year.
In other news, Director Lawrence Tomchin sold 2,000 shares of the firm’s 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 owns 149,938 shares in the company, valued at $8,996,280. The sale was disclosed in a filing with the SEC, which is available at this hyperlink.
A hedge fund recently raised its stake in REX American Resources Corp. stock. Marshall Wace LLP increased its stake in REX American Resources Corp. (NYSE:REX) by 4.2% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm 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).
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.