Shares of EVI Industries, Inc. (NYSEAMERICAN:EVI - Get Free Report) crossed above its two hundred day moving average during trading on Friday . The stock has a two hundred day moving average of $0.00 and traded as high as $25.00. EVI Industries shares last traded at $24.98, with a volume of 4,129 shares.
Analyst Ratings Changes
Several research firms have weighed in on EVI. Wall Street Zen upgraded EVI Industries from a "hold" rating to a "buy" rating in a report on Tuesday, May 20th. DA Davidson began coverage on EVI Industries in a report on Friday, June 6th. They set a "buy" rating and a $28.00 target price on the stock.
Read Our Latest Stock Report on EVI
EVI Industries Stock Up 4.6%
The stock has a market cap of $329.34 million, a P/E ratio of 52.67 and a beta of 0.03. The firm's fifty day moving average price is $19.05. The company has a debt-to-equity ratio of 0.17, a current ratio of 1.51 and a quick ratio of 0.86.
Institutional Trading of EVI Industries
A number of hedge funds and other institutional investors have recently modified their holdings of EVI. Raymond James Financial Inc. acquired a new position in EVI Industries during the fourth quarter worth approximately $2,863,000. King Luther Capital Management Corp increased its position in EVI Industries by 416.6% during the fourth quarter. King Luther Capital Management Corp now owns 185,500 shares of the industrial products company's stock worth $3,033,000 after buying an additional 149,591 shares during the last quarter. Natixis Advisors LLC increased its position in EVI Industries by 5.5% during the fourth quarter. Natixis Advisors LLC now owns 35,590 shares of the industrial products company's stock worth $582,000 after buying an additional 1,864 shares during the last quarter. JPMorgan Chase & Co. increased its position in EVI Industries by 101.4% during the fourth quarter. JPMorgan Chase & Co. now owns 20,829 shares of the industrial products company's stock worth $341,000 after buying an additional 10,488 shares during the last quarter. Finally, Geode Capital Management LLC increased its position in EVI Industries by 0.8% during the fourth quarter. Geode Capital Management LLC now owns 113,880 shares of the industrial products company's stock worth $1,862,000 after buying an additional 892 shares during the last quarter. Institutional investors and hedge funds own 37.30% of the company's stock.
EVI Industries Company Profile
(
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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.
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