REX American Resources Corp. (NYSE:REX) shares shot up 1.8% during mid-day trading on Wednesday . The company traded as high as $72.00 and last traded at $71.50, with a volume of 91,226 shares changing hands. The stock had previously closed at $70.27.

The stock’s 50-day moving average price is $64.86 and its 200-day moving average price is $57.05. The stock has a market capitalization of $476.26 million and a P/E ratio of 16.72.

REX American Resources Corp. (NYSE:REX) last released its quarterly earnings data on Thursday, June 2nd. The company reported $0.43 earnings per share for the quarter, missing the 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. On average, equities analysts forecast that REX American Resources Corp. will post $3.81 EPS for the current fiscal year.

In other news, Director Lawrence Tomchin sold 2,000 shares of the business’s 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 transaction, the director now directly owns 149,938 shares in the company, valued at approximately $8,996,280. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website.

A hedge fund recently bought a new stake in REX American Resources Corp. stock. Matarin Capital Management LLC purchased a new position in shares of REX American Resources Corp. (NYSE:REX) during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 76,892 shares of the company’s stock, valued at approximately $4,158,000. Matarin Capital Management LLC owned approximately 1.12% of REX American Resources Corp. 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).