REX American Resources Corp. (REX) Shares Down 1.6%
Shares of REX American Resources Corp. (NYSE:REX) dropped 1.6% on Monday . The company traded as low as $80.65 and last traded at $80.89, with a volume of 114,212 shares trading hands. The stock had previously closed at $82.21.
The stock has a market capitalization of $533.49 million and a PE ratio of 24.65. The stock has a 50-day moving average of $67.34 and a 200 day moving average of $58.12.
REX American Resources Corp. (NYSE:REX) last issued its quarterly earnings data on Thursday, August 25th. The company reported $1.24 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.11 by $0.13. The business earned $115.70 million during the quarter, compared to the consensus estimate of $109.09 million. Equities analysts predict that REX American Resources Corp. will post $3.81 EPS for the current year.
In related news, Director Lawrence Tomchin sold 2,000 shares of the 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 completion of 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 accessible through this link.
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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