REX American Resources (NYSE:REX) Share Price Passes Above 200-Day Moving Average - Should You Sell?

Key Points

• REX's share price crossed above its 200-day moving average, trading as high as $44.30 compared with the 200-day average of $34.75, indicating a technical breakout.
• Weiss Ratings upgraded REX from "hold (c+)" to "buy (b-)", and the stock carries an average MarketBeat analyst rating of "Buy."
• REX posted a strong quarterly earnings beat with EPS of $1.32 versus the $0.14 consensus (revenue $157.96M vs. $162M estimate) and has a market cap of about $1.46 billion and a PE of 17.7.

REX American Resources Corporation (NYSE:REX - Get Free Report)'s share price crossed above its two hundred day moving average during trading on Friday . The stock has a two hundred day moving average of $34.75 and traded as high as $44.30. REX American Resources shares last traded at $44.2570, with a volume of 129,967 shares.

Wall Street Analyst Weigh In

Separately, Weiss Ratings raised REX American Resources from a "hold (c+)" rating to a "buy (b-)" rating in a research note on Monday, March 2nd. One analyst has rated the stock with a Buy rating, Based on data from MarketBeat, the stock has an average rating of "Buy".

REX American Resources Trading Down 0.1%

The company has a market cap of $1.46 billion, a PE ratio of 17.70 and a beta of 0.61. The business has a 50 day simple moving average of $38.68 and a two-hundred day simple moving average of $34.75.

REX American Resources (NYSE:REX - Get Free Report) last released its quarterly earnings data on Thursday, March 26th. The energy company reported $1.32 EPS for the quarter, topping analysts' consensus estimates of $0.14 by $1.18. The business had revenue of $157.96 million during the quarter, compared to the consensus estimate of $162.00 million. REX American Resources had a return on equity of 12.72% and a net margin of 12.75%. On average, equities research analysts expect that REX American Resources Corporation will post 2.93 earnings per share for the current fiscal year.

Insider Activity at REX American Resources

In other news, CFO Douglas Bruggeman sold 2,000 shares of the company's stock in a transaction on Thursday, April 2nd. The stock was sold at an average price of $45.44, for a total transaction of $90,880.00. Following the completion of the sale, the chief financial officer directly owned 259,170 shares in the company, valued at $11,776,684.80. This represents a 0.77% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at this link. 13.91% of the stock is currently owned by insiders.

Institutional Trading of REX American Resources

Institutional investors and hedge funds have recently made changes to their positions in the company. Principal Financial Group Inc. increased its holdings in shares of REX American Resources by 112.9% during the 3rd quarter. Principal Financial Group Inc. now owns 154,397 shares of the energy company's stock worth $4,728,000 after buying an additional 81,869 shares during the last quarter. AWH Capital L.P. acquired a new stake in shares of REX American Resources during the 2nd quarter worth $1,461,000. American Century Companies Inc. increased its holdings in shares of REX American Resources by 88.0% during the 3rd quarter. American Century Companies Inc. now owns 826,427 shares of the energy company's stock worth $25,305,000 after buying an additional 386,947 shares during the last quarter. Tudor Investment Corp ET AL acquired a new stake in shares of REX American Resources during the 3rd quarter worth $2,341,000. Finally, Y Intercept Hong Kong Ltd acquired a new stake in REX American Resources in the 3rd quarter valued at $931,000. 88.12% of the stock is currently owned by institutional investors and hedge funds.

About REX American Resources

REX American Resources Corp. is a diversified agribusiness and renewable energy company headquartered in Kansas City, Missouri. Founded in 2005 through a reorganization of existing agricultural interests, the company focuses on two primary business segments: fuel ethanol production and specialty ingredient solutions. REX American Resources leverages its integrated operations to supply clean-burning fuel, animal feed co-products and sweetener ingredients to a broad customer base in North America and beyond.

In its alcohol fuels segment, the company operates an anhydrous ethanol production facility in Colwich, Kansas.

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