REX American Resources Corp. (REX) Sees Strong Trading Volume
REX American Resources Corp. (NYSE:REX) shares saw an uptick in trading volume on Monday . 87,898 shares were traded during mid-day trading, a decline of 9% from the previous session’s volume of 96,633 shares.The stock last traded at $72.95 and had previously closed at $73.05.
The stock has a market cap of $478.81 million and a P/E ratio of 16.81. The company’s 50 day moving average is $65.58 and its 200 day moving average is $57.44.
REX American Resources Corp. (NYSE:REX) last posted its quarterly earnings results on Thursday, June 2nd. The company reported $0.43 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.01 by $0.58. The business had revenue of $100.20 million for the quarter, compared to the consensus estimate of $105.02 million. Equities research analysts forecast that REX American Resources Corp. will post $3.81 EPS for the current fiscal year.
In other REX American Resources Corp. news, Director Lawrence Tomchin sold 2,000 shares of the firm’s stock in a transaction on Friday, July 1st. The shares were sold at an average price of $60.00, for a total value of $120,000.00. Following the sale, 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 is accessible through the SEC website.
A hedge fund recently raised its stake 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 filing with the Securities and Exchange Commission (SEC). The firm 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 filing with the SEC.
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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