EVI Industries (NYSEAMERICAN:EVI - Get Free Report) was upgraded by stock analysts at Wall Street Zen from a "hold" rating to a "buy" rating in a research note issued to investors on Tuesday.
EVI Industries Stock Performance
Shares of NYSEAMERICAN:EVI traded down $0.40 during trading on Tuesday, reaching $17.70. The company had a trading volume of 6,719 shares, compared to its average volume of 16,048. The business's fifty day moving average is $17.27. The firm has a market cap of $225.85 million, a price-to-earnings ratio of 36.88 and a beta of 0.40. EVI Industries has a twelve month low of $14.51 and a twelve month high of $21.81. The company has a debt-to-equity ratio of 0.20, a current ratio of 1.58 and a quick ratio of 0.87.
Institutional Inflows and Outflows
Several large investors have recently added to or reduced their stakes in EVI. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its stake in shares of EVI Industries by 27.8% during 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 last quarter. Corebridge Financial Inc. increased its stake in shares of EVI Industries by 24.9% during 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 last quarter. Comerica Bank increased its stake in shares of EVI Industries by 11.6% during the 1st quarter. Comerica Bank now owns 90,745 shares of the industrial products company's stock worth $1,523,000 after purchasing an additional 9,420 shares during the last quarter. SVB Wealth LLC acquired a new position in shares of EVI Industries during the 1st quarter worth $25,000. Finally, Raymond James Financial Inc. boosted its holdings 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 worth $3,078,000 after buying an additional 8,316 shares during the period. Institutional investors and hedge funds own 37.30% of the company's stock.
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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