REX American Resources (NYSE:REX) Share Price Passes Above 200-Day Moving Average – Should You Sell?

REX American Resources Corporation (NYSE:REX)’s stock price crossed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of $29.58 and traded as high as $34.97. REX American Resources shares last traded at $34.3620, with a volume of 220,110 shares.

Wall Street Analysts Forecast Growth

A number of research analysts have weighed in on REX shares. Weiss Ratings reaffirmed a “buy (b-)” rating on shares of REX American Resources in a research report on Wednesday, December 17th. Wall Street Zen upgraded shares of REX American Resources from a “hold” rating to a “buy” rating in a report on Saturday, December 6th. Two equities research analysts have rated the stock with a Buy rating, According to data from MarketBeat.com, the stock has a consensus rating of “Buy” and a consensus price target of $25.00.

REX American Resources Price Performance

The company has a market cap of $1.13 billion, a price-to-earnings ratio of 22.98 and a beta of 0.73. The company’s 50-day simple moving average is $32.71 and its 200-day simple moving average is $29.58.

REX American Resources (NYSE:REX) last announced its earnings results on Thursday, December 4th. The energy company reported $0.71 earnings per share for the quarter, beating the consensus estimate of $0.26 by $0.45. The business had revenue of $175.63 million during the quarter, compared to the consensus estimate of $169.00 million. REX American Resources had a net margin of 7.73% and a return on equity of 7.89%. During the same period in the prior year, the firm earned $1.38 earnings per share. Equities analysts predict that REX American Resources Corporation will post 2.93 EPS for the current fiscal year.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of REX. SummerHaven Investment Management LLC boosted its stake in shares of REX American Resources by 1.9% during the 2nd quarter. SummerHaven Investment Management LLC now owns 18,135 shares of the energy company’s stock valued at $883,000 after buying an additional 343 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its stake in shares of REX American Resources by 4.4% in the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 9,161 shares of the energy company’s stock worth $344,000 after buying an additional 390 shares during the last quarter. Ieq Capital LLC raised its holdings in REX American Resources by 6.9% in the first quarter. Ieq Capital LLC now owns 6,586 shares of the energy company’s stock valued at $247,000 after acquiring an additional 424 shares in the last quarter. Aquatic Capital Management LLC boosted its stake in REX American Resources by 5.2% during the 3rd quarter. Aquatic Capital Management LLC now owns 9,151 shares of the energy company’s stock valued at $280,000 after acquiring an additional 450 shares during the last quarter. Finally, Parallel Advisors LLC boosted its stake in REX American Resources by 97.6% during the 3rd quarter. Parallel Advisors LLC now owns 1,142 shares of the energy company’s stock valued at $35,000 after acquiring an additional 564 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 Corp. is a diversified agribusiness and renewable energy company headquartered in Kansas City, Missouri. Founded in 2005 through a reorganization of existing agricultural interests, the company focuses on two primary business segments: fuel ethanol production and specialty ingredient solutions. REX American Resources leverages its integrated operations to supply clean-burning fuel, animal feed co-products and sweetener ingredients to a broad customer base in North America and beyond.

In its alcohol fuels segment, the company operates an anhydrous ethanol production facility in Colwich, Kansas.