DXP Reaches New 52-Week High (DXPE)

NEW YORK ( TheStreet) -- DXP (Nasdaq: DXPE) hit a new 52-week high Wednesday as it is currently trading at $46.24, above its previous 52-week high of $45.90 with 35,869 shares traded as of 10:59 a.m. ET. Average volume has been 85,100 shares over the past 30 days.

DXP has a market cap of $613.6 million and is part of the services sector and wholesale industry. Shares are up 39% year to date as of the close of trading on Tuesday.

DXP Enterprises, Inc. engages in distributing maintenance, repair, and operating (MRO) products, equipment, and services to industrial customers in the United States. The company has a P/E ratio of 20.9, equal to the average wholesale industry P/E ratio and above 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 low profit margins. You can view the full DXP Ratings Report.

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