REX American Resources (NYSE:REX) Shares Gap Down – Here’s Why

REX American Resources Corporation (NYSE:REX)’s share price gapped down prior to trading on Monday . The stock had previously closed at $40.68, but opened at $38.80. REX American Resources shares last traded at $39.1650, with a volume of 15,429 shares.

Wall Street Analyst Weigh In

A number of brokerages recently issued reports on REX. Wall Street Zen raised shares of REX American Resources from a “hold” rating to a “buy” rating in a research report on Saturday, December 6th. Weiss Ratings upgraded shares of REX American Resources from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Monday, March 2nd. Two equities research analysts have rated the stock with a Buy rating, According to data from MarketBeat.com, REX American Resources currently has an average rating of “Buy” and a consensus target price of $25.00.

REX American Resources Trading Up 3.3%

The firm has a fifty day simple moving average of $35.78 and a 200 day simple moving average of $33.48. The stock has a market cap of $1.34 billion, a price-to-earnings ratio of 27.22 and a beta of 0.73.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently bought and sold shares of the company. Principal Financial Group Inc. lifted its holdings in shares of REX American Resources by 112.9% during the 3rd quarter. Principal Financial Group Inc. now owns 154,397 shares of the energy company’s stock worth $4,728,000 after acquiring an additional 81,869 shares during the period. AWH Capital L.P. bought a new stake in REX American Resources in the second quarter valued at about $1,461,000. American Century Companies Inc. increased its stake in REX American Resources by 88.0% in the third quarter. American Century Companies Inc. now owns 826,427 shares of the energy company’s stock valued at $25,305,000 after acquiring an additional 386,947 shares during the period. Y Intercept Hong Kong Ltd acquired a new position in REX American Resources in the third quarter worth about $931,000. Finally, Public Sector Pension Investment Board raised its position in REX American Resources by 121.7% in the third quarter. Public Sector Pension Investment Board now owns 110,475 shares of the energy company’s stock worth $3,383,000 after purchasing an additional 60,652 shares in the last quarter. 88.12% of the stock is owned by institutional investors.

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.