NEW YORK ( TheStreet) -- Shares of DXP (Nasdaq: DXPE) were gapping up Tuesday morning with an open price 17.5% higher than Monday's closing price. The stock closed at $20.44 Monday and opened today's trading at $24.02.

The average volume for DXP has been 62,800 shares per day over the past 30 days. DXP has a market cap of $322.1 million and is part of the services sector and wholesale industry. Shares are down 14.8% year to date as of the close of trading on Monday.

DXP Enterprises, Inc. engages in distributing maintenance, repair, and operating (MRO) products, equipment, and service to industrial customers in the United States. The company has a P/E ratio of 13.7, equal to the average wholesale industry P/E ratio and below the S&P 500 P/E ratio of 17.7.

TheStreet Ratings rates DXP as a buy. The company's strengths can be seen in multiple areas, such as its robust revenue growth, largely solid financial position with reasonable debt levels by most measures, solid stock price performance, impressive record of earnings per share growth and compelling growth in net income. We feel these strengths outweigh the fact that the company shows weak operating cash flow. You can view the full DXP Ratings Report.

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