Rex American Resources Corp. Director Lawrence Tomchin Sells 1,780 Shares (REX)
Rex American Resources Corp. (NYSE:REX) Director Lawrence Tomchin sold 1,780 shares of Rex American Resources Corp. stock on the open market in a transaction that occurred on Tuesday, December 31st. The stock was sold at an average price of $45.16, for a total value of $80,384.80. Following the transaction, the director now directly owns 206,213 shares in the company, valued at approximately $9,312,579. The sale was disclosed in a filing with the SEC, which can be accessed through this link.
Separately, analysts at Sidoti downgraded shares of Rex American Resources Corp. from a “buy” rating to a “neutral” rating in a research note to investors on Thursday, December 19th.
Shares of Rex American Resources Corp. (NYSE:REX) traded down 1.36% on Thursday, hitting $44.10. 48,058 shares of the company’s stock traded hands. Rex American Resources Corp. has a 52 week low of $17.12 and a 52 week high of $49.93. The stock’s 50-day moving average is $37.99 and its 200-day moving average is $33.6. The company has a market cap of $356.2 million and a price-to-earnings ratio of 24.70.
Rex American Resources Corp. (NYSE:REX) last posted its quarterly earnings results on Tuesday, December 3rd. The company reported $1.21 earnings per share for the quarter, beating the analysts’ consensus estimate of $0.73 by $0.48. The company had revenue of $166.50 million for the quarter, compared to the consensus estimate of $189.87 million. During the same quarter in the previous year, the company posted $0.05 earnings per share. On average, analysts predict that Rex American Resources Corp. will post $3.40 earnings per share for the current fiscal year.
Rex American Resources Corporation (NYSE:REX) is a holding company to succeed to the entire ownership of three affiliated corporations, Rex Radio and Television, Inc, Stereo Town, Inc and Kelly & Cohen Appliances, Inc As of January 31, 2012, the Company had lease agreements, as landlord, for six owned former retail stores and had 16 vacant former retail properties.
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