DXP Enterprises Inc. (DXPE) Trading 7.1% Higher
DXP Enterprises Inc. (NASDAQ:DXPE)’s share price traded up 7.1% on Wednesday . The stock traded as high as $16.78 and last traded at $16.78, with a volume of 72,312 shares trading hands. The stock had previously closed at $15.67.
Separately, Zacks Investment Research upgraded shares of DXP Enterprises from a “strong sell” rating to a “hold” rating in a research report on Friday, July 15th.
The company’s 50-day moving average is $16.09 and its 200-day moving average is $16.44. The firm’s market capitalization is $239.23 million.
DXP Enterprises (NASDAQ:DXPE) last announced its quarterly earnings data on Friday, May 13th. The company reported ($0.35) EPS for the quarter, missing the consensus estimate of $0.09 by $0.44. Equities research analysts forecast that DXP Enterprises Inc. will post ($0.30) EPS for the current fiscal year.
A hedge fund recently raised its stake in DXP Enterprises stock. Stephens Inc. AR raised its stake in shares of DXP Enterprises Inc. (NASDAQ:DXPE) by 20.4% during the fourth quarter, according to its most recent disclosure with the SEC. The firm owned 62,994 shares of the company’s stock after buying an additional 10,670 shares during the period. Stephens Inc. AR owned about 0.44% of DXP Enterprises worth $1,436,000 as of its most recent filing with the SEC.
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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