DXP Enterprises Inc. (NASDAQ:DXPE) was down 3.4% during trading on Thursday . The company traded as low as $15.87 and last traded at $16.02, with a volume of 68,078 shares changing hands. The stock had previously closed at $16.58.

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 firm’s market capitalization is $226.25 million. The company’s 50 day moving average price is $16.12 and its 200 day moving average price is $16.44.

DXP Enterprises (NASDAQ:DXPE) last announced its earnings results on Friday, May 13th. The company reported ($0.35) EPS for the quarter, missing analysts’ consensus estimates of $0.09 by $0.44. On average, equities analysts anticipate 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. Morgan Stanley boosted its stake in shares of DXP Enterprises Inc. (NASDAQ:DXPE) by 309.6% during the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 62,571 shares of the company’s stock after buying an additional 47,294 shares during the period. Morgan Stanley owned about 0.43% of DXP Enterprises worth $1,427,000 at the end of the most recent quarter.

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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