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

Shares of REX American Resources Corporation (NYSE:REX) crossed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of $30.67 and traded as high as $33.85. REX American Resources shares last traded at $33.7050, with a volume of 148,441 shares.

Wall Street Analysts Forecast Growth

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

REX American Resources Stock Performance

The company has a market capitalization of $1.10 billion, a price-to-earnings ratio of 22.40 and a beta of 0.76. The business’s 50-day simple moving average is $33.13 and its 200-day simple moving average is $30.78.

REX American Resources (NYSE:REX) last issued its quarterly earnings results on Thursday, December 4th. The energy company reported $0.71 EPS for the quarter, topping the consensus estimate of $0.26 by $0.45. REX American Resources had a net margin of 7.73% and a return on equity of 7.89%. The company had revenue of $175.63 million during the quarter, compared to analysts’ expectations of $169.00 million. During the same quarter in the previous year, the company earned $1.38 EPS. On average, analysts forecast that REX American Resources Corporation will post 2.93 earnings per share for the current year.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently made changes to their positions in the stock. Elevation Point Wealth Partners LLC bought a new stake in REX American Resources in the second quarter valued at about $33,000. GAMMA Investing LLC grew its position in shares of REX American Resources by 116.5% during the 3rd quarter. GAMMA Investing LLC now owns 1,078 shares of the energy company’s stock worth $33,000 after buying an additional 580 shares during the period. Parallel Advisors LLC increased its stake in shares of REX American Resources by 97.6% in the 3rd 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 last quarter. AlphaQuest LLC acquired a new stake in shares of REX American Resources in the 2nd quarter valued at approximately $58,000. Finally, Public Employees Retirement System of Ohio raised its position 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 valued at $102,000 after acquiring an additional 1,704 shares during the period. 88.12% of the stock is currently owned by institutional investors.

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.