DXP Enterprises Inc. (DXPE) Stock Price Down 7.2%
DXP Enterprises Inc. (NASDAQ:DXPE)’s share price was down 7.2% during mid-day trading on Tuesday . The company traded as low as $16.52 and last traded at $16.52, with a volume of 94,481 shares. The stock had previously closed at $17.81.
Separately, Zacks Investment Research downgraded shares of DXP Enterprises from a “hold” rating to a “strong sell” rating in a report on Monday, May 16th.
The firm’s 50-day moving average is $15.41 and its 200 day moving average is $16.64. The stock’s market cap is $239.09 million.
DXP Enterprises (NASDAQ:DXPE) last announced its earnings results on Friday, May 13th. The company reported ($0.35) EPS for the quarter, missing the Zacks’ consensus estimate of $0.09 by $0.44. On average, analysts forecast that DXP Enterprises Inc. will post ($0.26) EPS for the current fiscal year.
A number of institutional investors have recently made changes to their positions in the company. Stephens Inc. AR increased its position in shares of DXP Enterprises by 20.4% in the fourth quarter. Stephens Inc. AR now owns 62,994 shares of the company’s stock worth $1,436,000 after buying an additional 10,670 shares in the last quarter. Morgan Stanley increased its position in shares of DXP Enterprises by 309.6% in the fourth quarter. Morgan Stanley now owns 62,571 shares of the company’s stock worth $1,427,000 after buying an additional 47,294 shares in the last quarter. Finally, Oxford Asset Management purchased a new position in shares of DXP Enterprises during the fourth quarter worth approximately $1,135,000.
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.
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