REX American Resources (NYSE:REX) Hits New 1-Year High - What's Next?

Key Points

• REX American Resources reached a new 52-week high of $60.66 during trading, showing strong price performance and increased interest from investors.
• The company reported $0.51 earnings per share, exceeding analysts' expectations, and had a net margin of 8.86% with revenue of $158.34 million.
• Institutional investors hold 88.12% of REX American Resources' shares, indicating strong confidence in the company's future.

REX American Resources Corporation (NYSE:REX - Get Free Report) hit a new 52-week high during mid-day trading on Monday . The stock traded as high as $60.08 and last traded at $60.66, with a volume of 102538 shares changing hands. The stock had previously closed at $57.11.

REX American Resources Price Performance

The company has a market capitalization of $1.01 billion, a P/E ratio of 18.95 and a beta of 0.58. The firm's 50-day moving average is $52.71 and its 200-day moving average is $44.46.

REX American Resources (NYSE:REX - Get Free Report) last issued its earnings results on Wednesday, May 28th. The energy company reported $0.51 earnings per share for the quarter, topping analysts' consensus estimates of $0.34 by $0.17. REX American Resources had a net margin of 8.86% and a return on equity of 8.97%. The firm had revenue of $158.34 million during the quarter, compared to analyst estimates of $161.00 million. As a group, analysts forecast that REX American Resources Corporation will post 2.93 EPS for the current fiscal year.

Institutional Investors Weigh In On REX American Resources

Several institutional investors and hedge funds have recently added to or reduced their stakes in the business. Elevation Point Wealth Partners LLC purchased a new stake in REX American Resources in the 2nd quarter valued at about $33,000. AlphaQuest LLC purchased a new stake in shares of REX American Resources during the second quarter worth approximately $58,000. CWM LLC increased its stake in shares of REX American Resources by 139.8% during the first quarter. CWM LLC now owns 1,990 shares of the energy company's stock worth $75,000 after buying an additional 1,160 shares during the period. Public Employees Retirement System of Ohio increased its stake in shares of REX American Resources by 446.1% during the second quarter. Public Employees Retirement System of Ohio now owns 2,086 shares of the energy company's stock worth $102,000 after buying an additional 1,704 shares during the period. Finally, State of Wyoming acquired a new position in REX American Resources in the second quarter valued at approximately $140,000. Institutional investors and hedge funds own 88.12% of the company's stock.

About REX American Resources

REX American Resources Corporation, together with its subsidiaries, produces and sells ethanol in the United States. The company also offers corn, distillers grains, ethanol, distillers corn oil, gasoline, and natural gas. In addition, it provides dry distillers grains with solubles, which is used as a protein in animal feed.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.