An investigation for investors in DXP Enterprises Inc (NASDAQ:DXPE) shares over potential securities laws violations by DXP Enterprises was announced and NASDAQ:DXPE stockholders should contact the Shareholders Foundation.
San Diego, CA -- (SBWIRE) -- 05/22/2017 -- An investigation was announced for investors of DXP Enterprises Inc over potential securities laws violations by DXP Enterprises Inc and certain of its directors and officers .
Investors who purchased shares of DXP Enterprises Inc (NASDAQ:DXPE), have certain options and should contact the Shareholders Foundation at firstname.lastname@example.org or call +1(858) 779 - 1554.
The investigation by a law firm focuses on possible claims on behalf of purchasers of the securities of DXP Enterprises Inc (NASDAQ:DXPE) concerning whether a series of statements by DXP Enterprises Inc regarding its business, its prospects and its operations were materially false and misleading at the time they were made.
Houston, TX based DXP Enterprises, Inc. (DXP) is engaged in the business of distributing maintenance, repair and operating (MRO) products, equipment and service to industrial customers.
DXP Enterprises Inc reported that its annual Total Revenue declined from over $1.24 billion in 2015 to $962.09 million in 2016 and that its Net Loss of $38.63 million in 2015 turned to a Net Income of $7.7 million in 2016.
Shares of DXP Enterprises Inc (NASDAQ:DXPE) grew from $12.88 per share in May 2016 to as high as $39.94 per share in January 2017.
On May 11, 2017, DXP Enterprises Inc announced that it would be unable to timely file its Quarterly Report on Form 10-Q for the three months ended March 31, 2017, due to the resignation of DXP Enterprises Inc's director of tax at the end of 2016, as well as the resignation of DXP Enterprises Inc's manager of public reporting in March of 2017.
Shares of DXP Enterprises Inc (NASDAQ:DXPE) declined on May 12, 2017 to $32.59 per share.
On May 19, 2017, NASDAQ:DXPE shares closed at $38.39 per share.
Those who purchased shares of DXP Enterprises Inc (NASDAQ:DXPE) have certain options and should contact the Shareholders Foundation.
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