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 $0.00 and traded as high as $25.62. EVI Industries shares last traded at $25.07, with a volume of 10,484 shares trading hands.
Wall Street Analysts Forecast Growth
Several research analysts have issued reports on EVI shares. Wall Street Zen upgraded EVI Industries from a "hold" rating to a "buy" rating in a research note on Tuesday, May 20th. DA Davidson initiated coverage on EVI Industries in a research note on Friday, June 6th. They issued a "buy" rating and a $28.00 target price for the company.
View Our Latest Research Report on EVI Industries
EVI Industries Stock Performance
The stock's 50-day moving average is $20.29. The stock has a market capitalization of $296.80 million, a price-to-earnings ratio of 47.47 and a beta of 0.03. The company has a current ratio of 1.51, a quick ratio of 0.86 and a debt-to-equity ratio of 0.17.
Institutional Inflows and Outflows
Hedge funds and other institutional investors have recently made changes to their positions in the business. Conestoga Capital Advisors LLC boosted its stake in EVI Industries by 2.9% in the 1st quarter. Conestoga Capital Advisors LLC now owns 811,660 shares of the industrial products company's stock valued at $13,620,000 after purchasing an additional 23,044 shares during the period. Royce & Associates LP lifted its position in shares of EVI Industries by 7.8% during the 1st quarter. Royce & Associates LP now owns 706,635 shares of the industrial products company's stock valued at $11,857,000 after acquiring an additional 50,894 shares during the period. Raymond James Financial Inc. lifted its position in shares of 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 during the period. Captrust Financial Advisors lifted its position in shares of EVI Industries by 4.0% during the 4th quarter. Captrust Financial Advisors now owns 144,514 shares of the industrial products company's stock valued at $2,363,000 after acquiring an additional 5,529 shares during the period. Finally, Geode Capital Management LLC lifted its position in shares of EVI Industries by 0.8% during the 4th quarter. Geode Capital Management LLC now owns 113,880 shares of the industrial products company's stock valued at $1,862,000 after acquiring an additional 892 shares during the period. 37.30% of the stock is currently owned by institutional investors.
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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