REX American Resources (NYSE:REX) Sets New 1-Year Low - Should You Sell?

REX American Resources Co. (NYSE:REX - Get Free Report) hit a new 52-week low during mid-day trading on Wednesday . The stock traded as low as $39.00 and last traded at $39.26, with a volume of 27526 shares trading hands. The stock had previously closed at $39.62.

Wall Street Analysts Forecast Growth

Separately, Truist Financial decreased their price target on shares of REX American Resources from $60.00 to $55.00 and set a "buy" rating for the company in a research note on Monday, December 9th.

REX American Resources Trading Down 0.8 %

The firm has a fifty day moving average of $41.88 and a 200 day moving average of $43.69. The company has a market capitalization of $678.09 million, a P/E ratio of 10.10 and a beta of 0.91.

REX American Resources (NYSE:REX - Get Free Report) last issued its quarterly earnings data on Tuesday, December 3rd. The energy company reported $1.38 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.72 by $0.66. REX American Resources had a net margin of 10.07% and a return on equity of 11.05%. During the same quarter in the prior year, the business posted $1.49 earnings per share. Sell-side analysts anticipate that REX American Resources Co. will post 2.93 EPS for the current fiscal year.

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Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the business. AlphaQuest LLC bought a new position in shares of REX American Resources during the fourth quarter worth $46,000. FMR LLC increased its holdings in shares of REX American Resources by 34.8% in the third quarter. FMR LLC now owns 2,345 shares of the energy company's stock worth $109,000 after purchasing an additional 605 shares during the last quarter. State of Wyoming lifted its position in shares of REX American Resources by 67.3% in the fourth quarter. State of Wyoming now owns 3,616 shares of the energy company's stock worth $151,000 after buying an additional 1,454 shares in the last quarter. Intech Investment Management LLC bought a new position in REX American Resources during the third quarter valued at approximately $213,000. Finally, GF Fund Management CO. LTD. purchased a new position in REX American Resources during the 4th quarter valued at approximately $200,000. 88.12% of the stock is currently owned by institutional investors.

REX American Resources Company Profile

REX American Resources Corporation, together with its subsidiaries, produces and sells ethanol in the United States. The company also offers corn, distillers grains, ethanol, distillers corn oil, gasoline, and natural gas. In addition, it provides dry distillers grains with solubles, which is used as a protein in animal feed.