REX American Resources (NYSE:REX) Stock Price Crosses Above Two Hundred Day Moving Average – Should You Sell?

REX American Resources Corporation (NYSE:REX)’s stock price passed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of $30.35 and traded as high as $32.21. REX American Resources shares last traded at $31.8490, with a volume of 168,501 shares trading hands.

Wall Street Analysts Forecast Growth

Several equities analysts recently weighed in on REX shares. Weiss Ratings reissued a “buy (b-)” rating on shares of REX American Resources in a research report on Monday, December 29th. Wall Street Zen raised REX American Resources from a “hold” rating to a “buy” rating in a research report on Saturday, December 6th. Two investment analysts have rated the stock with a Buy rating, According to data from MarketBeat, REX American Resources has a consensus rating of “Buy” and an average price target of $25.00.

REX American Resources Trading Down 0.6%

The business’s fifty day moving average price is $32.94 and its 200 day moving average price is $30.35. The company has a market capitalization of $1.05 billion, a P/E ratio of 21.30 and a beta of 0.76.

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

Hedge Funds Weigh In On REX American Resources

Several hedge funds and other institutional investors have recently modified their holdings of REX. Elevation Point Wealth Partners LLC acquired a new stake in REX American Resources in the 2nd quarter valued at $33,000. GAMMA Investing LLC lifted its holdings 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 acquiring an additional 580 shares during the period. Parallel Advisors LLC lifted its holdings in shares of REX American Resources by 97.6% during the third quarter. Parallel Advisors LLC now owns 1,142 shares of the energy company’s stock valued at $35,000 after acquiring an additional 564 shares during the period. AlphaQuest LLC acquired a new stake in shares of REX American Resources in the 2nd quarter valued at $58,000. Finally, Public Employees Retirement System of Ohio grew its holdings in shares of REX American Resources by 446.1% in the 2nd quarter. Public Employees Retirement System of Ohio now owns 2,086 shares of the energy company’s stock worth $102,000 after purchasing an additional 1,704 shares during the last quarter. Institutional investors own 88.12% of the company’s stock.

About REX American Resources

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.