EVI Industries (NYSEAMERICAN:EVI - Get Free Report) was downgraded by StockNews.com from a "buy" rating to a "hold" rating in a research note issued on Monday.
EVI Industries Stock Performance
Shares of NYSEAMERICAN:EVI traded up $0.25 on Monday, hitting $20.23. 17,613 shares of the company were exchanged, compared to its average volume of 16,401. The company has a debt-to-equity ratio of 0.09, a quick ratio of 0.77 and a current ratio of 1.46. EVI Industries has a one year low of $14.51 and a one year high of $27.24. The company has a market cap of $257.53 million, a price-to-earnings ratio of 52.58 and a beta of 0.34.
EVI Industries (NYSEAMERICAN:EVI - Get Free Report) last announced its quarterly earnings results on Thursday, September 12th. The industrial products company reported $0.14 earnings per share (EPS) for the quarter. The firm had revenue of $90.15 million for the quarter. EVI Industries had a net margin of 1.60% and a return on equity of 4.22%.
Institutional Inflows and Outflows
A number of institutional investors have recently made changes to their positions in the business. Comerica Bank boosted its position in EVI Industries by 53.8% in the 1st quarter. Comerica Bank now owns 73,095 shares of the industrial products company's stock valued at $1,820,000 after buying an additional 25,570 shares during the last quarter. Raymond James & Associates raised its holdings in EVI Industries by 2.7% during the 2nd quarter. Raymond James & Associates now owns 188,083 shares of the industrial products company's stock worth $3,559,000 after purchasing an additional 4,918 shares during the last quarter. Vanguard Group Inc. boosted its stake in shares of EVI Industries by 9.0% in the 1st quarter. Vanguard Group Inc. now owns 290,501 shares of the industrial products company's stock valued at $7,233,000 after purchasing an additional 23,880 shares during the last quarter. Swedbank AB acquired a new stake in shares of EVI Industries during the 1st quarter worth approximately $9,338,000. Finally, Gladius Capital Management LP bought a new stake in shares of EVI Industries during the second quarter worth approximately $29,000. 37.30% of the stock is owned by institutional investors.
EVI Industries Company Profile
(
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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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