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

REX American Resources Corporation (NYSE:REX - Get Free Report) passed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of $41.69 and traded as high as $53.64. REX American Resources shares last traded at $52.99, with a volume of 95,019 shares changing hands.

Analysts Set New Price Targets

Separately, Truist Financial restated a "buy" rating and issued a $50.00 price objective (down previously from $55.00) on shares of REX American Resources in a report on Thursday, March 27th.

REX American Resources Stock Performance

The company has a market cap of $872.75 million, a P/E ratio of 16.46 and a beta of 0.56. The stock has a 50-day moving average of $44.85 and a two-hundred day moving average of $41.69.

REX American Resources (NYSE:REX - Get Free Report) last released its earnings results on Wednesday, May 28th. The energy company reported $0.51 EPS for the quarter, beating analysts' consensus estimates of $0.34 by $0.17. The firm had revenue of $158.34 million for the quarter, compared to analysts' expectations of $161.00 million. REX American Resources had a return on equity of 8.97% and a net margin of 8.86%. Research analysts predict that REX American Resources Corporation will post 2.93 EPS for the current year.

REX American Resources declared that its board has authorized a share buyback program on Wednesday, March 26th that authorizes the company to buyback 1,500,000 outstanding shares. This buyback authorization authorizes the energy company to reacquire shares of its stock through open market purchases. Shares buyback programs are usually a sign that the company's board believes its stock is undervalued.

Institutional Investors Weigh In On REX American Resources

Several institutional investors and hedge funds have recently modified their holdings of the company. Alps Advisors Inc. lifted its holdings in shares of REX American Resources by 1.2% in the 1st quarter. Alps Advisors Inc. now owns 24,272 shares of the energy company's stock valued at $912,000 after buying an additional 292 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its stake in shares of REX American Resources by 3.8% in the fourth quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 8,771 shares of the energy company's stock worth $366,000 after acquiring an additional 323 shares in the last quarter. SummerHaven Investment Management LLC increased its holdings in REX American Resources by 2.0% in the first quarter. SummerHaven Investment Management LLC now owns 17,792 shares of the energy company's stock valued at $668,000 after buying an additional 345 shares during the last quarter. Ieq Capital LLC grew its holdings in shares of REX American Resources by 6.9% during the first quarter. Ieq Capital LLC now owns 6,586 shares of the energy company's stock valued at $247,000 after purchasing an additional 424 shares during the last quarter. Finally, AlphaQuest LLC bought a new position in REX American Resources in the 4th quarter worth approximately $46,000. Hedge funds and other 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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