DXP Enterprises Inc. (DXPE) Trading 3.9% Higher
DXP Enterprises Inc. (NASDAQ:DXPE) traded up 3.9% during mid-day trading on Tuesday . The company traded as high as $16.68 and last traded at $16.57, with a volume of 51,014 shares trading hands. The stock had previously closed at $15.95.
Separately, Zacks Investment Research upgraded DXP Enterprises from a “strong sell” rating to a “hold” rating in a research note on Friday, July 15th.
The company’s market cap is $237.79 million. The stock’s 50 day moving average price is $15.71 and its 200-day moving average price is $16.49.
DXP Enterprises (NASDAQ:DXPE) last posted its quarterly earnings data on Friday, May 13th. The company reported ($0.35) earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.09 by $0.44. On average, equities analysts anticipate that DXP Enterprises Inc. will post ($0.26) EPS for the current fiscal year.
A hedge fund recently raised its stake in DXP Enterprises stock. Morgan Stanley boosted its position in DXP Enterprises Inc. (NASDAQ:DXPE) by 309.6% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 62,571 shares of the company’s stock after buying an additional 47,294 shares during the period. Morgan Stanley owned 0.43% of DXP Enterprises worth $1,427,000 as of its most recent SEC filing.
DXP Enterprises, Inc (DXP) is engaged in the business of distributing maintenance, repair and operating (MRO) products, equipment and service to industrial customers. The Company operates through three segments: Service Centers, Supply Chain Services and Innovative Pumping Solutions. The Service Centers segment provides MRO products, equipment and services, including technical expertise and logistics capabilities to industrial customers.
Get Analysts' Upgrades and Downgrades Daily - Enter your email address below to receive a concise daily summary of analysts' upgrades, downgrades and new coverage with MarketBeat.com's FREE daily email newsletter.