An examination was revealed for financiers of DXP Enterprises Inc over prospective securities laws infractions by DXP Enterprises Inc and specific of its directors and officers.
Financiers who acquired shares of DXP Enterprises Inc (NASDAQ: DXPE), have specific options and must call the Shareholders Foundation at firstname.lastname@example.org or call +1(858) 779– 1554.
The examination by a law practice concentrates on possible claims on behalf of buyers of the securities of DXP Enterprises Inc (NASDAQ: DXPE) worrying whether a series of declarations by DXP Enterprises Inc concerning its business, its potential customers and its operations were materially incorrect and deceptive at the time they were made.
Houston, TX-based DXP Enterprises, Inc. (DXP) participates in the business of dispersing upkeep, repair work and operating (MRO) items, devices, and service to commercial consumers.
DXP Enterprises Inc reported that its yearly Total Revenue decreased from over $1.24 billion in 2015 to $962.09 million in 2016 which its Net Loss of $38.63 million in 2015 relied on 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 revealed that it would be not able to prompt file its Quarterly Report on Form 10-Q for the 3 months ended March 31, 2017, due to the resignation of DXP Enterprises Inc’s director of tax at the end of 2016, in addition to the resignation of DXP Enterprises Inc’s supervisor of public reporting in March of 2017.