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

REX American Resources Co. (NYSE:REX)’s share price hit a new 52-week low during trading on Wednesday . The company traded as low as $39.00 and last traded at $39.26, with a volume of 27526 shares traded. The stock had previously closed at $39.62.

Wall Street Analysts Forecast Growth

Separately, Truist Financial reduced their price objective 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.

REX American Resources Stock Performance

The business’s fifty day simple moving average is $41.94 and its 200-day simple moving average is $43.81. The firm has a market capitalization of $690.47 million, a PE ratio of 10.29 and a beta of 0.91.

REX American Resources (NYSE:REX) last released its earnings results on Tuesday, December 3rd. The energy company reported $1.38 earnings per share (EPS) 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 period last year, the firm posted $1.49 earnings per share. Sell-side analysts expect that REX American Resources Co. will post 2.93 earnings per share for the current fiscal year.

Institutional Trading of REX American Resources

A number of large investors have recently made changes to their positions in REX. GF Fund Management CO. LTD. purchased a new stake in REX American Resources in the fourth quarter worth about $200,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its position in shares of REX American Resources by 23.7% in the 4th quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 47,035 shares of the energy company’s stock valued at $1,961,000 after purchasing an additional 9,025 shares during the last quarter. State of Wyoming lifted its stake in shares of REX American Resources by 67.3% during 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 during the period. Systematic Financial Management LP lifted its position in REX American Resources by 3.5% during the 4th quarter. Systematic Financial Management LP now owns 717,303 shares of the energy company’s stock worth $29,904,000 after acquiring an additional 24,377 shares during the period. Finally, Millennium Management LLC purchased a new stake in REX American Resources during the 4th quarter valued at about $991,000. 88.12% of the stock is owned by hedge funds and other institutional investors.

About REX American Resources

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.