REX American Resources (NYSE:REX) Stock Price Crosses Above Two Hundred Day Moving Average – Should You Sell?

REX American Resources Corporation (NYSE:REX) shares crossed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of $30.35 and traded as high as $32.21. REX American Resources shares last traded at $31.8490, with a volume of 168,501 shares trading hands.

Analyst Ratings Changes

A number of research firms have issued reports on REX. Wall Street Zen upgraded shares of REX American Resources from a “hold” rating to a “buy” rating in a research report on Saturday, December 6th. Weiss Ratings reaffirmed a “buy (b-)” rating on shares of REX American Resources in a research note on Monday, December 29th. Two equities research analysts have rated the stock with a Buy rating, According to data from MarketBeat, the company has a consensus rating of “Buy” and a consensus price target of $25.00.

REX American Resources Stock Performance

The firm has a market cap of $1.05 billion, a price-to-earnings ratio of 21.30 and a beta of 0.76. The firm’s 50 day moving average is $32.94 and its 200-day moving average is $30.35.

REX American Resources (NYSE:REX) last posted 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 company had revenue of $175.63 million for the quarter, compared to analyst estimates of $169.00 million. REX American Resources had a return on equity of 7.89% and a net margin of 7.73%.During the same period last year, the company earned $1.38 earnings per share. As a group, research analysts predict that REX American Resources Corporation will post 2.93 EPS for the current year.

Institutional Investors Weigh In On REX American Resources

A number of large investors have recently added to or reduced their stakes in REX. Elevation Point Wealth Partners LLC acquired a new position in REX American Resources during the second quarter valued at approximately $33,000. GAMMA Investing LLC boosted its holdings in shares of REX American Resources by 116.5% during the 3rd quarter. GAMMA Investing LLC now owns 1,078 shares of the energy company’s stock worth $33,000 after buying an additional 580 shares during the period. Parallel Advisors LLC grew its stake in REX American Resources by 97.6% in the 3rd quarter. Parallel Advisors LLC now owns 1,142 shares of the energy company’s stock valued at $35,000 after buying an additional 564 shares during the last quarter. AlphaQuest LLC bought a new position in REX American Resources in the 2nd quarter worth $58,000. Finally, Ameritas Investment Partners Inc. raised its holdings in REX American Resources by 59.2% in the 3rd quarter. Ameritas Investment Partners Inc. now owns 2,476 shares of the energy company’s stock worth $76,000 after acquiring an additional 921 shares during the period. Institutional investors own 88.12% of the company’s stock.

About REX American Resources

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.