EVI Industries, Inc. (NYSEAMERICAN:EVI - Get Free Report)'s share price crossed 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 $21.52. EVI Industries shares last traded at $21.25, with a volume of 9,502 shares traded.
Analyst Ratings Changes
Separately, StockNews.com cut shares of EVI Industries from a "buy" rating to a "hold" rating in a research report on Monday, November 4th.
Read Our Latest Stock Analysis on EVI Industries
EVI Industries Price Performance
The stock has a market capitalization of $251.42 million, a price-to-earnings ratio of 55.92 and a beta of 0.34. The company has a debt-to-equity ratio of 0.09, a current ratio of 1.46 and a quick ratio of 0.77.
EVI Industries (NYSEAMERICAN:EVI - Get Free Report) last issued its quarterly earnings results on Thursday, September 12th. The industrial products company reported $0.14 earnings per share for the quarter. EVI Industries had a return on equity of 4.22% and a net margin of 1.60%. The company had revenue of $90.15 million for the quarter.
EVI Industries Announces Dividend
The company also recently declared a quarterly dividend, which was paid on Monday, October 7th. Shareholders of record on Thursday, September 26th were issued a dividend of $0.31 per share. This represents a $1.24 annualized dividend and a yield of 6.28%. The ex-dividend date of this dividend was Thursday, September 26th.
Institutional Inflows and Outflows
Several institutional investors and hedge funds have recently added to or reduced their stakes in the business. Comerica Bank increased its position in shares of EVI Industries by 53.8% during the first quarter. Comerica Bank now owns 73,095 shares of the industrial products company's stock worth $1,820,000 after purchasing an additional 25,570 shares in the last quarter. Raymond James & Associates raised its holdings in EVI Industries by 2.7% in the 2nd quarter. Raymond James & Associates now owns 188,083 shares of the industrial products company's stock valued at $3,559,000 after acquiring an additional 4,918 shares during the last quarter. Vanguard Group Inc. increased its holdings in shares of EVI Industries by 9.0% during the 1st quarter. Vanguard Group Inc. now owns 290,501 shares of the industrial products company's stock worth $7,233,000 after buying an additional 23,880 shares during the last quarter. Swedbank AB acquired a new stake in EVI Industries in the 1st quarter valued at $9,338,000. Finally, Gladius Capital Management LP purchased a new position in EVI Industries in the 2nd quarter valued at about $29,000. 37.30% of the stock is currently owned by hedge funds and other institutional investors.
EVI Industries Company Profile
(
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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