EVI Industries (NYSEAMERICAN:EVI) Stock Price Passes Above 200-Day Moving Average of $0.00

EVI Industries, Inc. (NYSEAMERICAN:EVI) shares crossed above its two hundred day moving average during trading on Friday . The stock has a two hundred day moving average of $0.00 and traded as high as $20.00. EVI Industries shares last traded at $18.92, with a volume of 112,787 shares traded.

EVI Industries Stock Performance

The company has a market capitalization of $239.91 million, a price-to-earnings ratio of 51.14 and a beta of 0.40. The company has a current ratio of 1.53, a quick ratio of 0.80 and a debt-to-equity ratio of 0.16.

EVI Industries (NYSEAMERICAN:EVI) last announced its quarterly earnings results on Thursday, May 9th. The industrial products company reported $0.06 EPS for the quarter. EVI Industries had a net margin of 1.53% and a return on equity of 4.13%. The company had revenue of $83.98 million for the quarter.

Institutional Inflows and Outflows

Hedge funds have recently made changes to their positions in the stock. Conestoga Capital Advisors LLC boosted its holdings in EVI Industries by 6.6% during the first quarter. Conestoga Capital Advisors LLC now owns 647,161 shares of the industrial products company’s stock worth $16,114,000 after buying an additional 40,120 shares in the last quarter. Swedbank AB bought a new stake in EVI Industries during the first quarter worth approximately $9,338,000. Vanguard Group Inc. boosted its holdings in EVI Industries by 9.0% during the first quarter. Vanguard Group Inc. now owns 290,501 shares of the industrial products company’s stock worth $7,233,000 after buying an additional 23,880 shares in the last quarter. Comerica Bank boosted its holdings 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. Finally, Natixis Advisors L.P. boosted its holdings in EVI Industries by 4.0% during the third quarter. Natixis Advisors L.P. now owns 33,256 shares of the industrial products company’s stock worth $825,000 after buying an additional 1,288 shares in the last quarter. Institutional investors and hedge funds own 37.30% of the company’s stock.

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.