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

REX American Resources Corporation (NYSE:REX)’s stock price passed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of $31.02 and traded as high as $34.93. REX American Resources shares last traded at $33.9950, with a volume of 110,759 shares traded.

Wall Street Analyst Weigh In

Several brokerages have recently issued reports on REX. Wall Street Zen upgraded REX American Resources from a “hold” rating to a “buy” rating in a research note on Saturday, December 6th. Weiss Ratings restated a “buy (b-)” rating on shares of REX American Resources in a report on Monday, December 29th. Two research analysts have rated the stock with a Buy rating, According to MarketBeat, the stock currently has a consensus rating of “Buy” and an average target price of $25.00.

REX American Resources Trading Down 1.6%

The firm has a market capitalization of $1.12 billion, a price-to-earnings ratio of 22.74 and a beta of 0.76. The stock’s fifty day moving average price is $33.22 and its two-hundred day moving average price is $31.02.

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

Institutional Investors Weigh In On REX American Resources

Several hedge funds and other institutional investors have recently made changes to their positions in REX. Elevation Point Wealth Partners LLC purchased a new stake in REX American Resources during the second quarter worth approximately $33,000. GAMMA Investing LLC raised its holdings in REX American Resources by 116.5% during the third quarter. GAMMA Investing LLC now owns 1,078 shares of the energy company’s stock worth $33,000 after purchasing an additional 580 shares in the last quarter. Parallel Advisors LLC lifted its position in shares of REX American Resources by 97.6% during the 3rd quarter. Parallel Advisors LLC now owns 1,142 shares of the energy company’s stock worth $35,000 after buying an additional 564 shares during the last quarter. AlphaQuest LLC purchased a new stake in shares of REX American Resources during the 2nd quarter worth approximately $58,000. Finally, Ameritas Investment Partners Inc. boosted its holdings in shares of 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 valued at $76,000 after buying an additional 921 shares in the last quarter. Institutional investors and hedge funds 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.