EVI Industries (NYSEAMERICAN:EVI) Cut to "Hold" at StockNews.com

EVI Industries (NYSEAMERICAN:EVI - Get Free Report) was downgraded by analysts at StockNews.com from a "buy" rating to a "hold" rating in a research note issued to investors on Monday.

EVI Industries Price Performance

NYSEAMERICAN:EVI traded up $0.20 during midday trading on Monday, hitting $17.00. 15,971 shares of the company were exchanged, compared to its average volume of 15,824. The company has a debt-to-equity ratio of 0.15, a current ratio of 1.44 and a quick ratio of 0.79. EVI Industries has a fifty-two week low of $14.51 and a fifty-two week high of $25.50. The firm has a market capitalization of $241.91 million, a P/E ratio of 34.00 and a beta of 0.35.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently modified their holdings of the stock. FMR LLC grew its stake in EVI Industries by 1,868.5% during the 3rd quarter. FMR LLC now owns 4,252 shares of the industrial products company's stock valued at $82,000 after purchasing an additional 4,036 shares in the last quarter. BNP Paribas Financial Markets raised its stake in shares of EVI Industries by 122.3% in the 3rd quarter. BNP Paribas Financial Markets now owns 4,338 shares of the industrial products company's stock valued at $84,000 after purchasing an additional 2,387 shares in the last quarter. Barclays PLC lifted its holdings in EVI Industries by 206.6% during the 3rd quarter. Barclays PLC now owns 7,244 shares of the industrial products company's stock worth $139,000 after buying an additional 4,881 shares during the last quarter. Northwestern Mutual Wealth Management Co. acquired a new position in shares of EVI Industries in the 2nd quarter worth approximately $158,000. Finally, JPMorgan Chase & Co. increased its holdings in shares of EVI Industries by 112.5% in the 3rd quarter. JPMorgan Chase & Co. now owns 10,341 shares of the industrial products company's stock valued at $200,000 after acquiring an additional 5,474 shares during the last quarter. Institutional investors and hedge funds own 37.30% of the company's stock.

EVI Industries Company Profile

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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