EVI Industries (NYSEAMERICAN:EVI - Get Free Report) was downgraded by research analysts at StockNews.com from a "buy" rating to a "hold" rating in a report released on Tuesday.
EVI Industries Price Performance
EVI traded down $0.05 during trading on Tuesday, hitting $20.24. The stock had a trading volume of 5,818 shares, compared to its average volume of 16,513. The company has a market cap of $256.64 million, a price-to-earnings ratio of 53.26 and a beta of 0.34. EVI Industries has a twelve month low of $14.51 and a twelve month high of $27.90. The company has a quick ratio of 0.77, a current ratio of 1.46 and a debt-to-equity ratio of 0.09.
EVI Industries (NYSEAMERICAN:EVI - Get Free Report) last announced its earnings results on Thursday, September 12th. The industrial products company reported $0.14 earnings per share for the quarter. The company had revenue of $90.15 million during the quarter. EVI Industries had a net margin of 1.60% and a return on equity of 4.22%.
Institutional Inflows and Outflows
Institutional investors have recently made changes to their positions in the business. Gladius Capital Management LP purchased a new position in shares of EVI Industries during the second quarter worth $29,000. American International Group Inc. increased its holdings in EVI Industries by 35.6% in the first quarter. American International Group Inc. now owns 3,195 shares of the industrial products company's stock valued at $80,000 after buying an additional 838 shares in the last quarter. BNP Paribas Financial Markets increased its holdings in EVI Industries by 42.8% in the first quarter. BNP Paribas Financial Markets now owns 4,850 shares of the industrial products company's stock valued at $121,000 after buying an additional 1,454 shares in the last quarter. Northwestern Mutual Wealth Management Co. purchased a new position in EVI Industries in the second quarter valued at $158,000. Finally, Renaissance Technologies LLC increased its holdings in EVI Industries by 18.7% in the second quarter. Renaissance Technologies LLC now owns 13,765 shares of the industrial products company's stock valued at $260,000 after buying an additional 2,168 shares in the last quarter. Hedge funds and other institutional investors own 37.30% of the company's stock.
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.
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