StockNews.com upgraded shares of EVI Industries (NYSEAMERICAN:EVI - Free Report) from a hold rating to a buy rating in a report published on Tuesday morning.
EVI Industries Price Performance
NYSEAMERICAN:EVI traded down $0.25 on Tuesday, reaching $16.96. The company's stock had a trading volume of 16,270 shares, compared to its average volume of 16,042. EVI Industries has a 12-month low of $14.51 and a 12-month high of $25.50. The company has a market capitalization of $241.34 million, a P/E ratio of 33.92 and a beta of 0.35. The company has a quick ratio of 0.79, a current ratio of 1.44 and a debt-to-equity ratio of 0.15.
Institutional Trading of EVI Industries
A number of large investors have recently modified their holdings of the stock. King Luther Capital Management Corp acquired a new position in EVI Industries during the 3rd quarter worth approximately $694,000. BNP Paribas Financial Markets grew its stake in shares of EVI Industries by 122.3% during the third quarter. BNP Paribas Financial Markets now owns 4,338 shares of the industrial products company's stock worth $84,000 after purchasing an additional 2,387 shares in the last quarter. Captrust Financial Advisors increased its holdings in EVI Industries by 1.1% in the third quarter. Captrust Financial Advisors now owns 138,985 shares of the industrial products company's stock valued at $2,687,000 after buying an additional 1,472 shares during the last quarter. State Street Corp raised its stake in EVI Industries by 1.9% in the third quarter. State Street Corp now owns 88,520 shares of the industrial products company's stock valued at $1,739,000 after buying an additional 1,685 shares in the last quarter. Finally, FMR LLC lifted its holdings 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 worth $82,000 after buying an additional 4,036 shares during the last quarter. Hedge funds and other 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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