Shares of REX American Resources Corp. (NYSE:REX) hit a new 52-week high during mid-day trading on Thursday . The stock traded as high as $73.11 and last traded at $72.15, with a volume of 44,336 shares trading hands. The stock had previously closed at $72.19.

The firm has a market cap of $479.21 million and a P/E ratio of 16.83. The stock’s 50 day moving average is $65.24 and its 200 day moving average is $57.20.

REX American Resources Corp. (NYSE:REX) last announced its earnings results on Thursday, June 2nd. The company reported $0.43 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $1.01 by $0.58. The company earned $100.20 million during the quarter, compared to the consensus estimate of $105.02 million. On average, analysts forecast that REX American Resources Corp. will post $3.81 earnings per share for the current fiscal year.

In related news, Director Lawrence Tomchin sold 2,000 shares of the company’s stock in a transaction dated Friday, July 1st. The stock was sold at an average price of $60.00, for a total transaction of $120,000.00. Following the transaction, the director now directly owns 149,938 shares of the company’s stock, valued at approximately $8,996,280. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at 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 approximately 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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