EVI Industries (NYSEAMERICAN:EVI - Get Free Report) was upgraded by analysts at StockNews.com from a "hold" rating to a "buy" rating in a research report issued on Friday.
EVI Industries Price Performance
EVI traded up $0.53 during midday trading on Friday, reaching $19.15. 49,512 shares of the company were exchanged, compared to its average volume of 17,015. The company has a current ratio of 1.46, a quick ratio of 0.77 and a debt-to-equity ratio of 0.09. The stock has a market cap of $242.82 million, a P/E ratio of 50.39 and a beta of 0.34. EVI Industries has a one year low of $14.51 and a one year high of $28.65.
EVI Industries (NYSEAMERICAN:EVI - Get Free Report) last released its quarterly earnings results on Thursday, September 12th. The industrial products company reported $0.14 EPS for the quarter. EVI Industries had a return on equity of 4.22% and a net margin of 1.60%. The company had revenue of $90.15 million for the quarter.
Institutional Inflows and Outflows
Several large investors have recently added to or reduced their stakes in the company. Swedbank AB bought a new position in EVI Industries during the 1st quarter worth $9,338,000. Conestoga Capital Advisors LLC lifted its position in EVI Industries by 18.3% during the second quarter. Conestoga Capital Advisors LLC now owns 765,651 shares of the industrial products company's stock worth $14,486,000 after purchasing an additional 118,490 shares during the period. Comerica Bank grew its stake in EVI Industries by 53.8% during the first quarter. Comerica Bank now owns 73,095 shares of the industrial products company's stock worth $1,820,000 after buying an additional 25,570 shares in the last quarter. Vanguard Group Inc. increased its holdings in 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 buying an additional 23,880 shares during the period. Finally, Northwestern Mutual Wealth Management Co. acquired a new position in shares of EVI Industries in the 2nd quarter valued at approximately $158,000. 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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