REX American Resources Corporation (NYSE:REX – Get Free Report) insider Stuart Rose sold 1,129 shares of the stock in a transaction that occurred on Wednesday, June 10th. The shares were sold at an average price of $44.52, for a total transaction of $50,263.08. Following the transaction, the insider directly owned 626,020 shares of the company’s stock, valued at $27,870,410.40. This represents a 0.18% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink.
REX American Resources Stock Down 1.7%
REX American Resources stock opened at $43.08 on Friday. REX American Resources Corporation has a twelve month low of $22.22 and a twelve month high of $53.36. The firm has a 50 day moving average price of $46.71 and a 200-day moving average price of $39.29. The company has a market capitalization of $1.42 billion, a P/E ratio of 15.36 and a beta of 0.61.
REX American Resources (NYSE:REX – Get Free Report) last released its earnings results on Thursday, May 28th. The energy company reported $0.56 earnings per share for the quarter, beating analysts’ consensus estimates of $0.14 by $0.42. REX American Resources had a net margin of 14.30% and a return on equity of 13.67%. The firm had revenue of $156.50 million during the quarter, compared to the consensus estimate of $167.23 million.
Institutional Trading of REX American Resources
Wall Street Analyst Weigh In
Separately, Weiss Ratings raised shares of REX American Resources from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Wednesday, June 3rd. One investment analyst has rated the stock with a Buy rating, Based on data from MarketBeat, the company presently has a consensus rating of “Buy”.
Read Our Latest Stock Report on REX
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.
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