REX American Resources Corp. (REX) Trading 3.4% Higher
REX American Resources Corp. (NYSE:REX)’s share price traded up 3.4% on Friday . The company traded as high as $85.34 and last traded at $84.51, with a volume of 225,428 shares. The stock had previously closed at $81.76.
The firm has a 50-day moving average price of $70.10 and a 200 day moving average price of $59.21. The firm has a market cap of $556.24 million and a PE ratio of 25.70.
REX American Resources Corp. (NYSE:REX) last posted its earnings results on Thursday, August 25th. The company reported $1.24 earnings per share for the quarter, topping the Zacks’ consensus estimate of $1.11 by $0.13. The firm had revenue of $115.70 million for the quarter, compared to analysts’ expectations of $109.09 million. Analysts forecast that REX American Resources Corp. will post $3.81 earnings per share for the current fiscal year.
In related news, CFO Douglas Bruggeman sold 2,000 shares of the stock in a transaction dated Monday, August 29th. The shares were sold at an average price of $81.40, for a total value of $162,800.00. Following the completion of the transaction, the chief financial officer now directly owns 35,151 shares of the company’s stock, valued at $2,861,291.40. The transaction was disclosed in a legal filing with the SEC, which is available 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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