EVI Industries, Inc. (NYSEAMERICAN:EVI – Get Rating) shares crossed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of $0.00 and traded as high as $13.84. EVI Industries shares last traded at $13.62, with a volume of 7,735 shares changing hands.
Analyst Upgrades and Downgrades
Separately, StockNews.com upgraded EVI Industries from a "sell" rating to a "hold" rating in a report on Thursday, July 14th.
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The company has a debt-to-equity ratio of 0.21, a current ratio of 1.58 and a quick ratio of 0.85. The company has a market cap of $170.47 million, a PE ratio of 20.03 and a beta of 0.57. The company has a 50 day simple moving average of $10.94.
Institutional Inflows and Outflows
Several hedge funds have recently added to or reduced their stakes in EVI. Royce & Associates LP increased its holdings in shares of EVI Industries by 15.6% in the first quarter. Royce & Associates LP now owns 680,572 shares of the industrial products company's stock valued at $12,652,000 after purchasing an additional 92,000 shares during the period. Conestoga Capital Advisors LLC increased its holdings in shares of EVI Industries by 1.1% in the first quarter. Conestoga Capital Advisors LLC now owns 1,123,570 shares of the industrial products company's stock valued at $20,887,000 after purchasing an additional 12,733 shares during the period. Dimensional Fund Advisors LP increased its holdings in shares of EVI Industries by 3.6% in the fourth quarter. Dimensional Fund Advisors LP now owns 63,542 shares of the industrial products company's stock valued at $1,985,000 after purchasing an additional 2,217 shares during the period. Raymond James & Associates increased its holdings in shares of EVI Industries by 2.9% in the first quarter. Raymond James & Associates now owns 90,856 shares of the industrial products company's stock valued at $1,689,000 after purchasing an additional 2,581 shares during the period. Finally, State Street Corp increased its holdings in shares of EVI Industries by 1.3% in the first quarter. State Street Corp now owns 83,883 shares of the industrial products company's stock valued at $1,559,000 after purchasing an additional 1,060 shares during the period. 38.36% of the stock is owned by institutional investors and hedge funds.EVI Industries Company Profile
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EVI Industries, Inc, through its subsidiaries, distributes, sells, rents, and leases commercial, industrial, and vended laundry and dry cleaning equipment, and steam and hot water boilers in the United States, Canada, the Caribbean, Latin America, and Asia. The company sells and/or leases its customers commercial laundry equipment specializing in washing, drying, finishing, material handling, water heating, power generation, and water reuse applications.
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