REX American Resources (NYSE:REX) Stock Price Passes Above 200 Day Moving Average – Here’s Why

Shares of REX American Resources Corporation (NYSE:REX) passed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of $25.87 and traded as high as $32.43. REX American Resources shares last traded at $32.07, with a volume of 105,190 shares trading hands.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings restated a “hold (c+)” rating on shares of REX American Resources in a report on Wednesday, October 8th. One research analyst has rated the stock with a Buy rating and one has issued a Hold rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $25.00.

REX American Resources Price Performance

The firm has a market capitalization of $1.06 billion, a P/E ratio of 21.74 and a beta of 0.68. The stock’s fifty day simple moving average is $30.88 and its 200 day simple moving average is $25.87.

REX American Resources (NYSE:REX) last announced its earnings results on Wednesday, August 27th. The energy company reported $0.22 EPS for the quarter, topping analysts’ consensus estimates of $0.19 by $0.03. The business had revenue of $158.56 million during the quarter, compared to the consensus estimate of $165.00 million. REX American Resources had a net margin of 7.91% and a return on equity of 8.09%. As a group, sell-side analysts forecast that REX American Resources Corporation will post 2.93 EPS for the current fiscal year.

Hedge Funds Weigh In On REX American Resources

A number of large investors have recently added to or reduced their stakes in REX. Principal Financial Group Inc. increased its holdings in shares of REX American Resources by 2.5% during the first quarter. Principal Financial Group Inc. now owns 83,808 shares of the energy company’s stock valued at $3,149,000 after acquiring an additional 2,082 shares in the last quarter. Brown Advisory Inc. increased its holdings in shares of REX American Resources by 7.7% during the first quarter. Brown Advisory Inc. now owns 735,300 shares of the energy company’s stock valued at $27,625,000 after acquiring an additional 52,737 shares in the last quarter. Alps Advisors Inc. increased its holdings in shares of REX American Resources by 1.2% during the first quarter. Alps Advisors Inc. now owns 24,272 shares of the energy company’s stock valued at $912,000 after acquiring an additional 292 shares in the last quarter. CWM LLC increased its holdings in shares of REX American Resources by 139.8% during the first quarter. CWM LLC now owns 1,990 shares of the energy company’s stock valued at $75,000 after acquiring an additional 1,160 shares in the last quarter. Finally, South Dakota Investment Council acquired a new position in shares of REX American Resources during the first quarter valued at about $210,000. 88.12% of the stock is currently owned by institutional investors.

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.