EVI Industries (NYSEAMERICAN:EVI) Stock Passes Above Two Hundred Day Moving Average – Here’s What Happened

EVI Industries, Inc. (NYSEAMERICAN:EVI) shares passed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of $0.00 and traded as high as $17.48. EVI Industries shares last traded at $17.34, with a volume of 9,182 shares trading hands.

Analyst Ratings Changes

Separately, StockNews.com lowered EVI Industries from a “buy” rating to a “hold” rating in a report on Monday, January 13th.

EVI Industries Stock Performance

The stock has a market cap of $246.75 million, a PE ratio of 34.50 and a beta of 0.39. The company has a debt-to-equity ratio of 0.15, a quick ratio of 0.79 and a current ratio of 1.44.

EVI Industries (NYSEAMERICAN:EVI) last announced its quarterly earnings results on Tuesday, November 12th. The industrial products company reported $0.21 earnings per share for the quarter. EVI Industries had a net margin of 2.11% and a return on equity of 5.65%. The firm had revenue of $93.63 million for the quarter.

Hedge Funds Weigh In On EVI Industries

Institutional investors and hedge funds have recently made changes to their positions in the business. Conestoga Capital Advisors LLC grew its position in shares of EVI Industries by 1.7% in the 4th quarter. Conestoga Capital Advisors LLC now owns 788,616 shares of the industrial products company’s stock worth $12,894,000 after acquiring an additional 13,350 shares in the last quarter. JPMorgan Chase & Co. increased its stake in EVI Industries by 112.5% during the third quarter. JPMorgan Chase & Co. now owns 10,341 shares of the industrial products company’s stock valued at $200,000 after purchasing an additional 5,474 shares during the last quarter. Barclays PLC increased its stake in EVI Industries by 206.6% during the third quarter. Barclays PLC now owns 7,244 shares of the industrial products company’s stock valued at $139,000 after purchasing an additional 4,881 shares during the last quarter. State Street Corp raised its holdings in shares of EVI Industries by 1.9% during the third quarter. State Street Corp now owns 88,520 shares of the industrial products company’s stock worth $1,739,000 after purchasing an additional 1,685 shares during the period. Finally, Captrust Financial Advisors lifted its position in shares of EVI Industries by 1.1% in the 3rd quarter. Captrust Financial Advisors now owns 138,985 shares of the industrial products company’s stock worth $2,687,000 after buying an additional 1,472 shares during the last quarter. 37.30% of the stock is currently owned by hedge funds and other institutional investors.

About EVI Industries

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.