EVI Industries (NYSEAMERICAN:EVI) Share Price Crosses Above 200-Day Moving Average - Here's Why

Key Points

• EVI Industries' share price recently surpassed its 200-day moving average of $22.41, reaching a high of $29.01 during trading.
• The company's market cap stands at $363.66 million, with a PE ratio of 58.16 and recent trading activity showing a stock increase of 2.2%.
• EVI Industries announced a special dividend of $0.33 per share, which was paid to shareholders on October 6th, with an ex-dividend date of September 25th.

EVI Industries, Inc. (NYSEAMERICAN:EVI - Get Free Report) shares passed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of $22.41 and traded as high as $29.01. EVI Industries shares last traded at $28.50, with a volume of 11,456 shares changing hands.

Analyst Ratings Changes

Separately, DA Davidson set a $33.00 price objective on shares of EVI Industries in a report on Tuesday, September 16th. One equities research analyst has rated the stock with a Buy rating, According to data from MarketBeat.com, EVI Industries currently has an average rating of "Buy" and a consensus target price of $33.00.

EVI Industries Stock Up 2.2%

The firm has a market cap of $363.66 million, a PE ratio of 58.16 and a beta of 0.07. The business's 50 day moving average price is $27.86 and its 200 day moving average price is $22.41. The company has a debt-to-equity ratio of 0.37, a current ratio of 1.53 and a quick ratio of 0.84.

EVI Industries Dividend Announcement

The business also recently announced a special dividend, which was paid on Monday, October 6th. Stockholders of record on Thursday, September 25th were paid a dividend of $0.33 per share. The ex-dividend date of this dividend was Thursday, September 25th.

Institutional Trading of EVI Industries

A number of institutional investors and hedge funds have recently modified their holdings of the stock. Conestoga Capital Advisors LLC increased its stake in shares of EVI Industries by 2.7% during the second quarter. Conestoga Capital Advisors LLC now owns 833,551 shares of the industrial products company's stock worth $18,196,000 after purchasing an additional 21,891 shares in the last quarter. Royce & Associates LP increased its stake in shares of EVI Industries by 7.8% during the first quarter. Royce & Associates LP now owns 706,635 shares of the industrial products company's stock worth $11,857,000 after purchasing an additional 50,894 shares in the last quarter. King Luther Capital Management Corp grew its stake in EVI Industries by 13.5% during the 2nd quarter. King Luther Capital Management Corp now owns 210,500 shares of the industrial products company's stock valued at $4,595,000 after acquiring an additional 25,000 shares in the last quarter. Raymond James Financial Inc. grew its stake in EVI Industries by 4.7% during the 1st quarter. Raymond James Financial Inc. now owns 183,437 shares of the industrial products company's stock valued at $3,078,000 after acquiring an additional 8,316 shares in the last quarter. Finally, Comerica Bank grew its stake in EVI Industries by 11.6% during the 1st quarter. Comerica Bank now owns 90,745 shares of the industrial products company's stock valued at $1,523,000 after acquiring an additional 9,420 shares in the last quarter. Hedge funds and other institutional investors own 37.30% of the company's stock.

About EVI Industries

EVI Industries, Inc, through its subsidiaries, engages in the distribution, sale, rental, and lease of commercial and industrial laundry and dry-cleaning equipment in the United States, Canada, the Caribbean, and Latin America. The company sells and/or leases commercial laundry equipment specializing in washing, drying, finishing, material handling, water heating, power generation, and water reuse applications.

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