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

Key Points

• REX American Resources (NYSE: REX) shares have surpassed their 200-day moving average, trading as high as $31.24 compared to an average of $24.41.
• The company reported Q2 earnings of $0.22 per share, beating estimates, but revenues fell short at $158.56 million against an expected $165 million.
• Institutional ownership of REX American Resources is significant, with hedge funds and large investors controlling 88.12% of the company's stock.

REX American Resources Corporation (NYSE:REX - Get Free Report) shares crossed above its two hundred day moving average during trading on Thursday . The stock has a two hundred day moving average of $24.41 and traded as high as $31.24. REX American Resources shares last traded at $31.19, with a volume of 144,605 shares changing hands.

REX American Resources Stock Up 1.2%

The firm has a market cap of $1.03 billion, a price-to-earnings ratio of 21.14 and a beta of 0.68. The business has a 50 day moving average of $29.23 and a 200 day moving average of $24.41.

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 analysts' consensus estimates of $0.19 by $0.03. The business had revenue of $158.56 million for the quarter, compared to analyst estimates of $165.00 million. REX American Resources had a return on equity of 8.09% and a net margin of 7.91%. Research analysts predict that REX American Resources Corporation will post 2.93 earnings per share for the current year.

Institutional Trading of REX American Resources

A number of large investors have recently made changes to their positions in REX. Elevation Point Wealth Partners LLC acquired a new stake in shares of REX American Resources during the second quarter valued at $33,000. GAMMA Investing LLC boosted its stake in REX American Resources by 116.5% in the 3rd quarter. GAMMA Investing LLC now owns 1,078 shares of the energy company's stock worth $33,000 after buying an additional 580 shares during the last quarter. AlphaQuest LLC acquired a new stake in REX American Resources in the 2nd quarter worth about $58,000. CWM LLC boosted its stake in REX American Resources by 139.8% in the 1st 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 last quarter. Finally, Public Employees Retirement System of Ohio boosted its stake in REX American Resources by 446.1% in the 2nd 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 last quarter. Institutional investors and hedge funds own 88.12% of the company's stock.

REX American Resources Company Profile

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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