DXP Enterprises Inc. Hits New 52-Week High at $81.00 (DXPE)
Shares of DXP Enterprises (NASDAQ:DXPE) hit a new 52-week high during trading on Friday, StockRatingsNetwork.com reports. The stock traded as high as $81.00 and last traded at $80.60, with a volume of 29,657 shares trading hands. The stock had previously closed at $80.07.
Separately, analysts at Ascendiant Capital Markets downgraded shares of DXP Enterprises from a “buy” rating to a “neutral” rating in a research note to investors on Friday, July 26th.
In other DXP Enterprises news, Director Cletus Davis sold 2,000 shares of DXP Enterprises stock in a transaction dated Tuesday, October 1st. The stock was sold at an average price of $79.50, for a total transaction of $159,000.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link.
DXP Enterprises has a 1-year low of $42.11 and a 1-year high of $81.00. The stock has a 50-day moving average of $74.91 and a 200-day moving average of $68.36. The company has a market cap of $1.148 billion and a P/E ratio of 22.55.
DXP Enterprises (NASDAQ:DXPE) last posted its quarterly earnings results on Thursday, August 1st. The company reported $0.90 EPS for the quarter, beating the Thomson Reuters consensus estimate of $0.89 by $0.01. The company had revenue of $307.90 million for the quarter, compared to the consensus estimate of $310.14 million. During the same quarter in the prior year, the company posted $0.80 earnings per share. The company’s quarterly revenue was up 17.6% on a year-over-year basis. On average, analysts predict that DXP Enterprises will post $3.83 earnings per share for the current fiscal year.
DXP Enterprises, Inc (NASDAQ:DXPE) is engaged in the business of distributing maintenance, repair and operating (MRO) products, equipment and service to industrial customers.
Get Analysts' Upgrades and Downgrades via Email - Stay on top of analysts' coverage with Analyst Ratings Network's FREE daily email newsletter that provides a concise list of analysts' upgrades and downgrades. Click here to register now.