EVI Industries, Inc. (NYSEAMERICAN:EVI - Get Free Report) shares passed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of $0.00 and traded as high as $17.32. EVI Industries shares last traded at $16.19, with a volume of 12,359 shares trading hands.
Wall Street Analysts Forecast Growth
Separately, StockNews.com lowered EVI Industries from a "buy" rating to a "hold" rating in a research note on Monday, January 13th.
Check Out Our Latest Stock Report on EVI
EVI Industries Trading Up 0.2 %
The firm has a market capitalization of $203.52 million, a P/E ratio of 33.23 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 Inflows and Outflows
Several hedge funds have recently added to or reduced their stakes in the company. Conestoga Capital Advisors LLC increased its stake in shares of EVI Industries by 2.9% in the 1st quarter. Conestoga Capital Advisors LLC now owns 811,660 shares of the industrial products company's stock valued at $13,620,000 after acquiring an additional 23,044 shares in the last quarter. North Star Investment Management Corp. acquired a new stake in EVI Industries in the 1st quarter valued at $268,000. Rhumbline Advisers increased its position in shares of EVI Industries by 21.4% during the first quarter. Rhumbline Advisers now owns 5,336 shares of the industrial products company's stock worth $90,000 after acquiring an additional 940 shares in the last quarter. GAMMA Investing LLC lifted 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 valued at $66,000 after purchasing an additional 3,947 shares in the last quarter. Finally, Deutsche Bank AG lifted its stake in EVI Industries by 70.4% during the 4th quarter. Deutsche Bank AG now owns 5,909 shares of the industrial products company's stock valued at $97,000 after acquiring an additional 2,441 shares in the last quarter. Institutional investors 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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