EVI Industries (NYSEAMERICAN:EVI) Stock Passes Above 200-Day Moving Average - Should You Sell?

EVI Industries, Inc. (NYSEAMERICAN:EVI - Get Free Report)'s stock 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 $17.59. EVI Industries shares last traded at $17.59, with a volume of 14,555 shares changing hands.

Analyst Ratings Changes

Separately, StockNews.com lowered shares of EVI Industries from a "buy" rating to a "hold" rating in a report on Monday, January 13th.

EVI Industries Trading Up 2.3 %

The firm has a market cap of $214.24 million, a PE ratio of 34.98 and a beta of 0.40. The company has a quick ratio of 0.87, a current ratio of 1.58 and a debt-to-equity ratio of 0.20.

Institutional Investors Weigh In On EVI Industries

Large investors have recently added to or reduced their stakes in the stock. Rhumbline Advisers grew its stake in shares of EVI Industries by 21.4% during the 1st quarter. Rhumbline Advisers now owns 5,336 shares of the industrial products company's stock valued at $90,000 after purchasing an additional 940 shares during the period. GAMMA Investing LLC boosted its holdings in shares of EVI Industries by 30,361.5% in the first quarter. GAMMA Investing LLC now owns 3,960 shares of the industrial products company's stock worth $66,000 after buying an additional 3,947 shares during the last quarter. Deutsche Bank AG grew its position in EVI Industries by 70.4% during the fourth quarter. Deutsche Bank AG now owns 5,909 shares of the industrial products company's stock valued at $97,000 after buying an additional 2,441 shares during the period. Citadel Advisors LLC increased its holdings in EVI Industries by 30.8% during the fourth quarter. Citadel Advisors LLC now owns 23,567 shares of the industrial products company's stock valued at $385,000 after buying an additional 5,543 shares during the last quarter. Finally, Captrust Financial Advisors increased its holdings in EVI Industries by 4.0% during the fourth quarter. Captrust Financial Advisors now owns 144,514 shares of the industrial products company's stock valued at $2,363,000 after buying an additional 5,529 shares during the last quarter. Institutional investors own 37.30% of the company's stock.

About EVI Industries

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.