EVI Industries, Inc. (NYSEAMERICAN:EVI - Get Free Report) passed 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 $19.06. EVI Industries shares last traded at $18.88, with a volume of 16,184 shares trading hands.
Wall Street Analyst Weigh In
A number of analysts recently issued reports on EVI shares. Wall Street Zen raised EVI Industries from a "hold" rating to a "buy" rating in a research report on Tuesday, May 20th. DA Davidson initiated coverage on shares of EVI Industries in a research note on Friday, June 6th. They issued a "buy" rating and a $28.00 price objective on the stock.
Check Out Our Latest Research Report on EVI Industries
EVI Industries Stock Performance
The stock has a market cap of $241.29 million, a PE ratio of 39.40 and a beta of 0.40. The stock's 50-day simple moving average is $17.41. The company has a debt-to-equity ratio of 0.20, a current ratio of 1.58 and a quick ratio of 0.87.
Hedge Funds Weigh In On EVI Industries
Institutional investors and hedge funds have recently made changes to their positions in the stock. SVB Wealth LLC purchased a new stake in EVI Industries during the first quarter worth $25,000. Corebridge Financial Inc. raised its position in shares of EVI Industries by 24.9% in the first quarter. Corebridge Financial Inc. now owns 3,206 shares of the industrial products company's stock valued at $54,000 after buying an additional 639 shares during the last quarter. Russell Investments Group Ltd. lifted its stake in shares of EVI Industries by 5,337.1% during the 1st quarter. Russell Investments Group Ltd. now owns 3,371 shares of the industrial products company's stock worth $57,000 after purchasing an additional 3,309 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its holdings in EVI Industries by 27.8% in the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 3,814 shares of the industrial products company's stock valued at $64,000 after buying an additional 829 shares during the period. Finally, GAMMA Investing LLC increased its position in EVI Industries by 30,361.5% during the first quarter. GAMMA Investing LLC now owns 3,960 shares of the industrial products company's stock worth $66,000 after purchasing an additional 3,947 shares during the last quarter. 37.30% of the stock is owned by institutional investors and hedge funds.
About EVI Industries
(
Get Free Report)
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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