EVI Industries (NYSEAMERICAN:EVI - Get Free Report) was downgraded by StockNews.com from a "buy" rating to a "hold" rating in a report issued on Monday.
EVI Industries Trading Down 1.0 %
Shares of NYSEAMERICAN EVI traded down $0.17 during trading hours on Monday, hitting $17.01. The stock had a trading volume of 14,450 shares, compared to its average volume of 16,130. EVI Industries has a 52 week low of $14.51 and a 52 week high of $25.50. The stock has a market cap of $242.05 million, a price-to-earnings ratio of 34.02 and a beta of 0.35. The company has a debt-to-equity ratio of 0.15, a quick ratio of 0.79 and a current ratio of 1.44.
Institutional Inflows and Outflows
A number of hedge funds and other institutional investors have recently bought and sold shares of the company. Bank of New York Mellon Corp increased its position in EVI Industries by 7.1% in the 2nd quarter. Bank of New York Mellon Corp now owns 21,499 shares of the industrial products company's stock worth $407,000 after buying an additional 1,422 shares during the period. Captrust Financial Advisors increased its position in EVI Industries by 1.1% during the third quarter. Captrust Financial Advisors now owns 138,985 shares of the industrial products company's stock worth $2,687,000 after acquiring an additional 1,472 shares during the period. Natixis Advisors LLC raised its stake in EVI Industries by 4.6% during the 3rd quarter. Natixis Advisors LLC now owns 33,726 shares of the industrial products company's stock valued at $652,000 after purchasing an additional 1,485 shares during the last quarter. State Street Corp boosted its holdings in EVI Industries by 1.9% in the 3rd quarter. State Street Corp now owns 88,520 shares of the industrial products company's stock valued at $1,739,000 after purchasing an additional 1,685 shares during the period. Finally, Renaissance Technologies LLC grew its position in EVI Industries by 18.7% in the 2nd quarter. Renaissance Technologies LLC now owns 13,765 shares of the industrial products company's stock worth $260,000 after purchasing an additional 2,168 shares during the last quarter. 37.30% of the stock is currently owned by institutional investors and hedge funds.
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.
See Also
This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.
Before you consider EVI Industries, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and EVI Industries wasn't on the list.
While EVI Industries currently has a "Hold" rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Just getting into the stock market? These 10 simple stocks can help beginning investors build long-term wealth without knowing options, technicals, or other advanced strategies.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
