REX American Resources (NYSE:REX) Sets New 52-Week High at $53.50

REX American Resources Co. (NYSE:REX)’s share price hit a new 52-week high during trading on Thursday . The company traded as high as $53.50 and last traded at $51.23, with a volume of 68579 shares. The stock had previously closed at $43.92.

Analyst Ratings Changes

Separately, StockNews.com upgraded REX American Resources from a “hold” rating to a “buy” rating in a research report on Thursday, March 7th.

REX American Resources Stock Performance

The company’s 50-day moving average price is $43.33 and its 200 day moving average price is $41.71. The stock has a market capitalization of $980.18 million, a P/E ratio of 18.94 and a beta of 1.04.

Institutional Trading of REX American Resources

Several institutional investors have recently made changes to their positions in the business. Captrust Financial Advisors raised its position in shares of REX American Resources by 40.5% during the first quarter. Captrust Financial Advisors now owns 503 shares of the energy company’s stock valued at $50,000 after buying an additional 145 shares during the last quarter. PNC Financial Services Group Inc. lifted its stake in REX American Resources by 3.1% in the 2nd quarter. PNC Financial Services Group Inc. now owns 8,980 shares of the energy company’s stock worth $313,000 after purchasing an additional 274 shares in the last quarter. Teachers Retirement System of The State of Kentucky boosted its holdings in shares of REX American Resources by 5.2% during the 2nd quarter. Teachers Retirement System of The State of Kentucky now owns 5,579 shares of the energy company’s stock valued at $194,000 after purchasing an additional 276 shares during the last quarter. Barclays PLC grew its position in shares of REX American Resources by 4.7% during the first quarter. Barclays PLC now owns 7,968 shares of the energy company’s stock valued at $228,000 after purchasing an additional 361 shares in the last quarter. Finally, Rhumbline Advisers increased its holdings in shares of REX American Resources by 2.3% in the second quarter. Rhumbline Advisers now owns 16,398 shares of the energy company’s stock worth $1,391,000 after purchasing an additional 371 shares during the last quarter. Hedge funds and other institutional investors own 88.12% of the company’s stock.

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, non-food grade corn oil, gasoline, and natural gas. In addition, it provides dry distillers grains with solubles, which is used as a protein in animal feed.