QXO, Inc. (NASDAQ:QXO - Get Free Report)'s stock price gapped down prior to trading on Wednesday . The stock had previously closed at $18.35, but opened at $16.75. QXO shares last traded at $16.77, with a volume of 1,795,929 shares changing hands.
QXO Price Performance
The company has a market capitalization of $7.43 billion, a PE ratio of -1.80, a price-to-earnings-growth ratio of 4.09 and a beta of 2.27. The firm's fifty day simple moving average is $13.87 and its 200 day simple moving average is $14.50.
Institutional Investors Weigh In On QXO
Several hedge funds have recently added to or reduced their stakes in QXO. Larson Financial Group LLC acquired a new position in shares of QXO in the first quarter worth about $26,000. Ridgewood Investments LLC acquired a new position in shares of QXO during the 1st quarter worth about $27,000. CWM LLC acquired a new position in shares of QXO during the 1st quarter worth about $27,000. First Horizon Advisors Inc. raised its position in shares of QXO by 57.4% during the 1st quarter. First Horizon Advisors Inc. now owns 2,790 shares of the company's stock worth $38,000 after purchasing an additional 1,017 shares during the last quarter. Finally, Signaturefd LLC raised its position in shares of QXO by 533.6% during the 1st quarter. Signaturefd LLC now owns 3,168 shares of the company's stock worth $43,000 after purchasing an additional 2,668 shares during the last quarter. 58.68% of the stock is owned by hedge funds and other institutional investors.
QXO Company Profile
(
Get Free Report)
QXO, Inc operates as a business application, technology, and consulting company in North America. The company provides solutions for accounting and business management, financial reporting, enterprise resource planning, human capital management, warehouse management systems, customer relationship management, and business intelligence.
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