REX American Resources (NYSE:REX) Shares Cross Above Two Hundred Day Moving Average - Time to Sell?

Key Points

• REX American Resources shares have surged above their 200-day moving average, marking a trading high of $33.77 before settling at $32.27.
• Weiss Ratings maintains a "hold (c+)" rating for the stock, which has a consensus rating of "Moderate Buy" with a target price of $25.00.
• Institutional investors own 88.12% of REX American Resources shares, indicating strong interest and confidence from larger financial entities.

Shares of REX American Resources Corporation (NYSE:REX - Get Free Report) passed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of $25.31 and traded as high as $33.77. REX American Resources shares last traded at $32.27, with a volume of 181,467 shares trading hands.

Wall Street Analyst Weigh In

Separately, Weiss Ratings reiterated a "hold (c+)" rating on shares of REX American Resources in a research note on Wednesday, October 8th. One investment analyst has rated the stock with a Buy rating and one has given a Hold rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus target price of $25.00.

REX American Resources Stock Performance

The company's fifty day simple moving average is $30.32 and its two-hundred day simple moving average is $25.31. The stock has a market capitalization of $1.07 billion, a P/E ratio of 21.88 and a beta of 0.68.

REX American Resources (NYSE:REX - Get Free Report) last issued its quarterly earnings data on Wednesday, August 27th. The energy company reported $0.22 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.19 by $0.03. The company had revenue of $158.56 million during 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%. On average, research analysts predict that REX American Resources Corporation will post 2.93 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Several large investors have recently added to or reduced their stakes in the company. GAMMA Investing LLC lifted its holdings in shares of REX American Resources by 5,304.6% during the first quarter. GAMMA Investing LLC now owns 7,026 shares of the energy company's stock worth $264,000 after buying an additional 6,896 shares in the last quarter. SG Americas Securities LLC increased its position in REX American Resources by 340.4% during the first quarter. SG Americas Securities LLC now owns 25,022 shares of the energy company's stock worth $940,000 after acquiring an additional 19,340 shares during the period. Exchange Traded Concepts LLC increased its position in REX American Resources by 15.0% during the first quarter. Exchange Traded Concepts LLC now owns 27,831 shares of the energy company's stock worth $1,046,000 after acquiring an additional 3,621 shares during the period. Principal Financial Group Inc. raised its stake in REX American Resources by 2.5% in the 1st quarter. Principal Financial Group Inc. now owns 83,808 shares of the energy company's stock worth $3,149,000 after purchasing an additional 2,082 shares in the last quarter. Finally, Brown Advisory Inc. boosted its holdings in REX American Resources by 7.7% in the 1st quarter. Brown Advisory Inc. now owns 735,300 shares of the energy company's stock valued at $27,625,000 after purchasing an additional 52,737 shares during the period. Institutional investors 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.

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