EVI Industries, Inc. (NYSEAMERICAN:EVI - Get Free Report) shares passed above its 200-day moving average during trading on Friday . The stock has a 200-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 traded.
Analyst Upgrades and Downgrades
Several equities research analysts have recently weighed in on EVI shares. DA Davidson initiated coverage on EVI Industries in a report on Friday, June 6th. They issued a "buy" rating and a $28.00 price target on the stock. Wall Street Zen upgraded EVI Industries from a "hold" rating to a "buy" rating in a research note on Tuesday, May 20th.
Read Our Latest Stock Report on EVI
EVI Industries Trading Up 9.1%
The company has a 50-day simple moving average of $18.70. The company has a current ratio of 1.51, a quick ratio of 0.86 and a debt-to-equity ratio of 0.17. The firm has a market capitalization of $318.74 million, a PE ratio of 50.98 and a beta of 0.03.
Hedge Funds Weigh In On EVI Industries
Hedge funds and other institutional investors have recently bought and sold shares of the business. SVB Wealth LLC acquired a new position in shares of EVI Industries in the 1st quarter valued at about $25,000. Corebridge Financial Inc. raised its position 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 acquiring an additional 639 shares in the last quarter. Russell Investments Group Ltd. raised its position in EVI Industries by 5,337.1% during the first quarter. Russell Investments Group Ltd. now owns 3,371 shares of the industrial products company's stock valued at $57,000 after acquiring an additional 3,309 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its holdings in EVI Industries by 27.8% in 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 acquiring an additional 829 shares during the period. Finally, GAMMA Investing LLC boosted its position in EVI Industries by 30,361.5% in the 1st 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 in the last quarter. Institutional investors and hedge funds own 37.30% of the company's stock.
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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