REX American Resources (NYSE:REX) Hits 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 stock price reached a new 52-week low during trading on Tuesday . The stock traded as low as $31.43 and last traded at $31.39, with a volume of 537 shares trading hands. The stock had previously closed at $61.10.

REX American Resources Stock Performance

The stock has a market cap of $1.01 billion, a PE ratio of 20.65 and a beta of 0.66. The company's 50 day simple moving average is $28.55 and its 200 day simple moving average is $23.63.

REX American Resources (NYSE:REX - Get Free Report) last posted its quarterly earnings data on Wednesday, August 27th. The energy company reported $0.22 EPS for the quarter, beating the consensus estimate of $0.19 by $0.03. REX American Resources had a net margin of 7.91% and a return on equity of 8.09%. The firm had revenue of $158.56 million during the quarter, compared to analyst estimates of $165.00 million. Equities research analysts expect that REX American Resources Corporation will post 2.93 earnings per share for the current year.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently modified their holdings of REX. Alps Advisors Inc. boosted its holdings in REX American Resources by 1.2% in the 1st quarter. Alps Advisors Inc. now owns 24,272 shares of the energy company's stock worth $912,000 after buying an additional 292 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its stake in REX American Resources by 3.8% in the 4th quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 8,771 shares of the energy company's stock worth $366,000 after purchasing an additional 323 shares in the last quarter. SummerHaven Investment Management LLC lifted its stake in REX American Resources by 1.9% in the 2nd quarter. SummerHaven Investment Management LLC now owns 18,135 shares of the energy company's stock worth $883,000 after purchasing an additional 343 shares in the last quarter. Ieq Capital LLC lifted its stake in REX American Resources by 6.9% in the 1st quarter. Ieq Capital LLC now owns 6,586 shares of the energy company's stock worth $247,000 after purchasing an additional 424 shares in the last quarter. Finally, Elevation Point Wealth Partners LLC purchased a new stake in REX American Resources in the 2nd quarter worth approximately $33,000. 88.12% of the stock is owned by 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.