REX American Resources (NYSE:REX) Reaches New 52-Week Low - Time to Sell?

Key Points

• REX American Resources' stock reached a new 52-week low of $31.39, a significant drop from its previous close of $61.10.
• The company reported a quarterly earnings per share (EPS) of $0.22, surpassing the estimated $0.19, though its revenue fell short at $158.56 million against an expectation of $165 million.
• Institutional investors heavily dominate the company’s ownership, with 88.12% of the stock held by hedge funds and other institutional investors.

REX American Resources Corporation (NYSE:REX - Get Free Report)'s share price hit a new 52-week low during trading on Tuesday . The company traded as low as $31.43 and last traded at $31.39, with a volume of 537 shares traded. The stock had previously closed at $61.10.

REX American Resources Trading Up 0.8%

The stock has a 50 day simple moving average of $56.55 and a 200 day simple moving average of $46.74. The firm has a market capitalization of $509.21 million, a PE ratio of 10.44 and a beta of 0.66.

REX American Resources (NYSE:REX - Get Free Report) last announced its quarterly earnings results on Wednesday, August 27th. The energy company reported $0.22 EPS for the quarter, topping analysts' consensus estimates of $0.19 by $0.03. The business had revenue of $158.56 million for the quarter, compared to analysts' expectations of $165.00 million. REX American Resources had a return on equity of 8.09% and a net margin of 7.91%. As a group, equities analysts anticipate that REX American Resources Corporation will post 2.93 earnings per share for the current year.

Hedge Funds Weigh In On REX American Resources

Several hedge funds have recently made changes to their positions in REX. Elevation Point Wealth Partners LLC purchased a new position in shares of REX American Resources during the second quarter valued at approximately $33,000. AlphaQuest LLC purchased a new position in shares of REX American Resources during the second quarter valued at 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 valued at $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 valued at $102,000 after buying an additional 1,704 shares during the period. Finally, State of Wyoming purchased a new position in shares of REX American Resources during the second quarter valued at approximately $140,000. 88.12% of the stock is owned by hedge funds and other institutional investors.

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.

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