REX American Resources (NYSE:REX) Shares Pass Above Two Hundred Day Moving Average - What's Next?

REX American Resources Corporation (NYSE:REX - Get Free Report) passed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of $23.88 and traded as high as $31.50. REX American Resources shares last traded at $30.83, with a volume of 182,814 shares changing hands.

REX American Resources Stock Up 0.8%

The company has a market capitalization of $1.02 billion, a price-to-earnings ratio of 20.90 and a beta of 0.66. The stock's fifty day moving average price is $28.77 and its 200-day moving average price is $23.88.

REX American Resources (NYSE:REX - Get Free Report) last posted its quarterly earnings data on Wednesday, August 27th. The energy company reported $0.22 earnings per share (EPS) for the quarter, beating analysts' consensus estimates 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 company had revenue of $158.56 million for the quarter, compared to the consensus estimate of $165.00 million. Analysts anticipate that REX American Resources Corporation will post 2.93 EPS for the current year.

Institutional Trading of REX American Resources

Hedge funds and other institutional investors have recently modified their holdings of the stock. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its position in shares of REX American Resources by 3.8% during 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 during the last quarter. Millennium Management LLC acquired a new position in shares of REX American Resources during the 4th quarter worth approximately $991,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its holdings in REX American Resources by 23.7% during the fourth quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 47,035 shares of the energy company's stock worth $1,961,000 after buying an additional 9,025 shares during the last quarter. GAMMA Investing LLC increased its holdings in 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 during the last quarter. Finally, Wedge Capital Management L L P NC increased its holdings in REX American Resources by 12.9% during the first quarter. Wedge Capital Management L L P NC now owns 28,218 shares of the energy company's stock worth $1,060,000 after buying an additional 3,221 shares during the last quarter. Institutional investors and hedge funds 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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