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DXP Enterprises (DXPE) in Focus: Stock Tanks 9.5%

DXP Enterprises, Inc.DXPE saw a big move last session, as the company's shares fell by nearly 10 % on the day. The move came on pretty good volume too with far more shares changing hands than in a normal session. This continues the recent downtrend for DXPE, as the stock is now down 25% in the past one-month time frame.

The industrial machine company has seen a flat track record when it comes to current year estimate revisions over the past few weeks and the consensus for earnings hasn't been in a trend either. This recent price action is discouraging, so make sure to keep a close watch on this firm in the near future, and especially on earnings estimates following the recent slump.

DXPE currently has a Zacks Rank #3 (Hold) while its Earnings ESP is 0.00%.

A better-ranked stock in the broader Industrial Products sector is Albany International Corp. AIN , holding a Zacks Rank #1 (Strong Buy).

Is DXPE going up? Or down? Predict to see what others think: Up or Down

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DXP ENTERPRISES (DXPE): Free Stock Analysis Report

ALBANY INTL A (AIN): Free Stock Analysis Report

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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.


The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

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