Shares of EVI Industries, Inc. (NYSEAMERICAN:EVI - Get Free Report) passed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of $0.00 and traded as high as $28.18. EVI Industries shares last traded at $27.39, with a volume of 9,049 shares trading hands.
Analysts Set New Price Targets
Several research firms have recently commented on EVI. Wall Street Zen raised shares of EVI Industries from a "hold" rating to a "buy" rating in a report on Tuesday, May 20th. DA Davidson began coverage on shares of EVI Industries in a report on Friday, June 6th. They issued a "buy" rating and a $28.00 price objective on the stock. One analyst has rated the stock with a Buy rating, According to data from MarketBeat, the company presently has an average rating of "Buy" and a consensus price target of $28.00.
Read Our Latest Stock Analysis on EVI Industries
EVI Industries Price Performance
The company has a debt-to-equity ratio of 0.17, a current ratio of 1.51 and a quick ratio of 0.86. The stock has a market capitalization of $362.38 million, a PE ratio of 57.96 and a beta of 0.01. The business has a fifty day simple moving average of $24.75.
Hedge Funds Weigh In On EVI Industries
Several hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Corebridge Financial Inc. lifted its holdings in EVI Industries by 24.9% during the first quarter. Corebridge Financial Inc. now owns 3,206 shares of the industrial products company's stock valued at $54,000 after purchasing an additional 639 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its holdings in EVI Industries by 27.8% during the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 3,814 shares of the industrial products company's stock valued at $64,000 after purchasing an additional 829 shares in the last quarter. Barclays PLC raised its position in shares of EVI Industries by 11.7% in the fourth quarter. Barclays PLC now owns 8,091 shares of the industrial products company's stock valued at $132,000 after buying an additional 847 shares during the last quarter. Bard Associates Inc. raised its position in shares of EVI Industries by 7.6% in the first quarter. Bard Associates Inc. now owns 13,031 shares of the industrial products company's stock valued at $219,000 after buying an additional 918 shares during the last quarter. Finally, Rhumbline Advisers raised its position in shares of EVI Industries by 21.4% in the first quarter. Rhumbline Advisers now owns 5,336 shares of the industrial products company's stock valued at $90,000 after buying an additional 940 shares during the last quarter. 37.30% of the stock is owned by hedge funds and other institutional investors.
About EVI Industries
(
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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.
Further Reading
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