REX American Resources Corp. (REX) Trading Up 3.4%
REX American Resources Corp. (NYSE:REX) shares were 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 changing hands. The stock had previously closed at $81.76.
The firm’s 50-day moving average price is $70.10 and its 200-day moving average price is $59.21. The company has a market capitalization of $556.33 million and a price-to-earnings ratio of 25.70.
REX American Resources Corp. (NYSE:REX) last released its earnings results on Thursday, August 25th. The company reported $1.24 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $1.11 by $0.13. The company earned $115.70 million during the quarter, compared to the consensus estimate of $109.09 million. On average, equities research analysts expect that REX American Resources Corp. will post $3.81 earnings per share for the current fiscal year.
In other news, CFO Douglas Bruggeman sold 2,000 shares of the company’s stock in a transaction on Monday, August 29th. The stock was sold at an average price of $81.40, for a total transaction of $162,800.00. Following the transaction, the chief financial officer now directly owns 35,151 shares of the company’s stock, valued at $2,861,291.40. The sale was disclosed in a filing with the SEC, which is available at the SEC website.
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).
Get Analysts' Upgrades and Downgrades Daily - Enter your email address below to receive a concise daily summary of analysts' upgrades, downgrades and new coverage with MarketBeat.com's FREE daily email newsletter.