REX American Resources (REX) Issues Quarterly Earnings Results
REX American Resources (NYSE:REX) released its quarterly earnings results on Wednesday. The energy company reported $2.01 EPS for the quarter, reports. REX American Resources had a net margin of 6.26% and a return on equity of 7.41%.
REX American Resources (NYSE REX) traded up $2.88 during mid-day trading on Wednesday, reaching $89.37. 31,400 shares of the company traded hands, compared to its average volume of 54,284. The firm has a market capitalization of $571.90, a price-to-earnings ratio of 19.88 and a beta of 1.62. REX American Resources has a 52 week low of $76.10 and a 52 week high of $107.87.
In related news, CFO Douglas Bruggeman sold 1,218 shares of the firm’s stock in a transaction on Tuesday, October 3rd. The shares were sold at an average price of $95.47, for a total transaction of $116,282.46. The transaction was disclosed in a document filed with the SEC, which is available at this link. Also, Director Lawrence Tomchin sold 1,000 shares of the firm’s stock in a transaction on Tuesday, October 3rd. The shares were sold at an average price of $96.00, for a total transaction of $96,000.00. The disclosure for this sale can be found here. 12.20% of the stock is currently owned by company insiders.
Rex American Resources Corporation is a holding company. As of January 31, 2017, the Company had invested in three ethanol production entities. It operates through alternative energy segment. As of January 31, 2017, the Company’s ethanol investments include One Earth Energy, LLC (One Earth), NuGen Energy, LLC (NuGen) and Big River Resources, LLC (Big River).
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