REX American Resources (NYSE:REX) Stock Price Crosses Above 200 Day Moving Average – Time to Sell?

REX American Resources Corporation (NYSE:REX)’s stock price passed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of $30.06 and traded as high as $33.79. REX American Resources shares last traded at $32.7490, with a volume of 189,593 shares traded.

Wall Street Analysts Forecast Growth

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

REX American Resources Stock Performance

The stock’s 50-day simple moving average is $32.89 and its two-hundred day simple moving average is $30.06. The stock has a market cap of $1.08 billion, a price-to-earnings ratio of 21.91 and a beta of 0.73.

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

Hedge Funds Weigh In On REX American Resources

Several large investors have recently bought and sold shares of the stock. Elevation Point Wealth Partners LLC bought a new stake in REX American Resources in the 2nd quarter valued at $33,000. GAMMA Investing LLC raised its position in shares of REX American Resources by 116.5% during the third quarter. GAMMA Investing LLC now owns 1,078 shares of the energy company’s stock valued at $33,000 after buying an additional 580 shares during the last quarter. Parallel Advisors LLC lifted its stake in shares of REX American Resources by 97.6% in the third quarter. Parallel Advisors LLC now owns 1,142 shares of the energy company’s stock valued at $35,000 after buying an additional 564 shares during the period. AlphaQuest LLC bought a new stake in shares of REX American Resources in the second quarter valued at about $58,000. Finally, Ameritas Investment Partners Inc. grew its position in REX American Resources by 59.2% during the third quarter. Ameritas Investment Partners Inc. now owns 2,476 shares of the energy company’s stock worth $76,000 after buying an additional 921 shares in the last quarter. 88.12% of the stock is currently owned by institutional investors and hedge funds.

REX American Resources Company Profile

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.