EVI Industries, Inc. (NYSEAMERICAN:EVI - Get Free Report) passed above its two hundred day moving average during trading on Monday . The stock has a two hundred 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 traded.
Wall Street Analyst Weigh In
A number of equities research analysts have commented on the stock. DA Davidson assumed coverage on shares of EVI Industries in a research report on Friday, June 6th. They issued a "buy" rating and a $28.00 target price for the company. Wall Street Zen upgraded shares of EVI Industries from a "hold" rating to a "buy" rating in a research note on Tuesday, May 20th.
Get Our Latest Research Report on EVI
EVI Industries Stock Performance
The company's fifty day moving average price is $20.14. The company has a market capitalization of $319.51 million, a price-to-earnings ratio of 51.10 and a beta of 0.03. The company has a debt-to-equity ratio of 0.17, a quick ratio of 0.86 and a current ratio of 1.51.
Institutional Trading of EVI Industries
Hedge funds have recently made changes to their positions in the business. SVB Wealth LLC purchased a new stake in EVI Industries in the 1st quarter worth about $25,000. Corebridge Financial Inc. raised its position in EVI Industries by 24.9% in the 1st quarter. Corebridge Financial Inc. now owns 3,206 shares of the industrial products company's stock worth $54,000 after purchasing an additional 639 shares during the period. Russell Investments Group Ltd. raised its position in EVI Industries by 5,337.1% in 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. raised its position 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 worth $64,000 after purchasing an additional 829 shares during the period. Finally, GAMMA Investing LLC raised 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 during the period. 37.30% of the stock is currently 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.
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