REX American Resources Corp. (NYSE:REX)’s share price hit a new 52-week high on Friday . The company traded as high as $69.10 and last traded at $68.46, with a volume of 31,162 shares. The stock had previously closed at $67.86.

The firm has a 50-day moving average price of $63.25 and a 200 day moving average price of $56.46. The firm has a market cap of $449.10 million and a PE ratio of 15.77.

REX American Resources Corp. (NYSE:REX) last posted its earnings results on Thursday, June 2nd. The company reported $0.43 earnings per share for the quarter, missing the Zacks’ consensus estimate of $1.01 by $0.58. The firm had revenue of $100.20 million for the quarter, compared to the consensus estimate of $105.02 million. Analysts forecast that REX American Resources Corp. will post $3.81 earnings per share for the current fiscal year.

In other news, Director Lawrence Tomchin sold 2,000 shares of the stock in a transaction dated Friday, July 1st. The shares were sold at an average price of $60.00, for a total transaction of $120,000.00. Following the completion of the sale, the director now directly owns 149,938 shares in the company, valued at $8,996,280. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website.

An institutional investor recently raised its position 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 disclosure with the Securities and Exchange Commission (SEC). The fund 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 as of its most recent SEC filing.

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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