Rex American Resources Corp. Director Lawrence Tomchin Unloads 2,000 Shares (REX)
Rex American Resources Corp. (NYSE:REX) Director Lawrence Tomchin sold 2,000 shares of Rex American Resources Corp. stock in a transaction that occurred on Thursday, January 16th. The stock was sold at an average price of $41.16, for a total transaction of $82,320.00. Following the completion of the sale, the director now directly owns 206,213 shares of the company’s stock, valued at approximately $8,487,727. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link.
Rex American Resources Corp. (NYSE:REX) traded up 1.31% during mid-day trading on Friday, hitting $41.76. The stock had a trading volume of 20,074 shares. Rex American Resources Corp. has a 1-year low of $17.12 and a 1-year high of $49.93. The stock has a 50-day moving average of $41.90 and a 200-day moving average of $34.39. The company has a market cap of $337.3 million and a price-to-earnings ratio of 22.77.
Rex American Resources Corp. (NYSE:REX) last issued its quarterly earnings data 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.
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.
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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