Share on StockTwits

Rex American Resources Corp. (NYSE:REX) COO Zafar A. Rizvi unloaded 8,633 shares of the stock on the open market in a transaction that occurred on Wednesday, April 16th. The stock was sold at an average price of $60.58, for a total value of $522,987.14. Following the transaction, the chief operating officer now directly owns 106,660 shares of the company’s stock, valued at approximately $6,461,463. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link.

Separately, analysts at Sidoti upgraded shares of Rex American Resources Corp. from a “neutral” rating to a “buy” rating in a research note on Wednesday, February 5th.

Shares of Rex American Resources Corp. (NYSE:REX) traded up 3.71% during mid-day trading on Friday, hitting $62.39. 175,349 shares of the company’s stock traded hands. Rex American Resources Corp. has a 1-year low of $17.12 and a 1-year high of $63.39. The stock has a 50-day moving average of $54.73 and a 200-day moving average of $41.63. The company has a market cap of $506.6 million and a P/E ratio of 14.02.

Rex American Resources Corp. (NYSE:REX) last issued its quarterly earnings data on Wednesday, March 26th. The company reported $1.95 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.71 by $0.24. The company had revenue of $146.09 billion for the quarter, compared to the consensus estimate of $174.35 billion. On average, analysts predict that Rex American Resources Corp. will post $8.94 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.

Get Analysts' Upgrades and Downgrades via Email - Stay on top of analysts' coverage with Analyst Ratings Network's FREE daily email newsletter that provides a concise list of analysts' upgrades and downgrades. Click here to register now.