REX American Resources Corp. (REX) Sees Strong Trading Volume
REX American Resources Corp. (NYSE:REX) shares saw strong trading volume on Wednesday . 189,556 shares were traded during mid-day trading, an increase of 33% from the previous session’s volume of 142,759 shares.The stock last traded at $80.44 and had previously closed at $81.52.
The company’s 50 day moving average price is $68.76 and its 200 day moving average price is $58.87. The firm has a market cap of $529.54 million and a PE ratio of 24.46.
REX American Resources Corp. (NYSE:REX) last announced its quarterly earnings data on Thursday, August 25th. The company reported $1.24 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $1.11 by $0.13. The firm had revenue of $115.70 million for the quarter, compared to the consensus estimate of $109.09 million. Equities analysts anticipate that REX American Resources Corp. will post $3.81 earnings per share for the current year.
In other REX American Resources Corp. news, CFO Douglas Bruggeman sold 2,000 shares of the firm’s stock in a transaction on Monday, August 29th. The stock was sold at an average price of $81.40, for a total value of $162,800.00. Following the sale, the chief financial officer now directly owns 35,151 shares in the company, valued at $2,861,291.40. The transaction was disclosed in a document filed 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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