REX American Resources Co. (NYSE:REX - Get Free Report)'s stock price reached a new 52-week low on Tuesday . The company traded as low as $36.55 and last traded at $36.78, with a volume of 103061 shares changing hands. The stock had previously closed at $38.62.
Analyst Upgrades and Downgrades
Separately, Truist Financial decreased their target price on shares of REX American Resources from $60.00 to $55.00 and set a "buy" rating on the stock in a research report on Monday, December 9th.
Check Out Our Latest Analysis on REX American Resources
REX American Resources Price Performance
The company has a 50-day moving average of $41.53 and a two-hundred day moving average of $43.46. The stock has a market capitalization of $652.86 million, a PE ratio of 9.73 and a beta of 0.91.
REX American Resources (NYSE:REX - Get Free Report) last announced its quarterly earnings data on Tuesday, December 3rd. The energy company reported $1.38 earnings per share for the quarter, topping the consensus estimate 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 last year, the company posted $1.49 EPS. On average, research analysts forecast that REX American Resources Co. will post 2.93 EPS for the current fiscal year.
Institutional Inflows and Outflows
Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. AlphaQuest LLC purchased a new position in shares of REX American Resources in the 4th quarter worth about $46,000. FMR LLC raised its holdings in REX American Resources by 34.8% in the third quarter. FMR LLC now owns 2,345 shares of the energy company's stock valued at $109,000 after buying an additional 605 shares during the period. State of Wyoming lifted its position in REX American Resources by 67.3% during the fourth quarter. State of Wyoming now owns 3,616 shares of the energy company's stock valued at $151,000 after buying an additional 1,454 shares in the last quarter. GF Fund Management CO. LTD. purchased a new stake in REX American Resources during the fourth quarter worth approximately $200,000. Finally, Intech Investment Management LLC purchased a new stake in REX American Resources during the third quarter worth approximately $213,000. Institutional investors and hedge funds own 88.12% of the company's stock.
About REX American Resources
(
Get Free Report)
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.
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