EVI Industries (NYSEAMERICAN:EVI) Stock Rating Upgraded by StockNews.com

EVI Industries (NYSEAMERICAN:EVI) was upgraded by StockNews.com from a “hold” rating to a “buy” rating in a research note issued on Tuesday.

EVI Industries Stock Up 2.1 %

Shares of NYSEAMERICAN:EVI opened at $17.21 on Tuesday. EVI Industries has a fifty-two week low of $14.51 and a fifty-two week high of $25.50. The company has a debt-to-equity ratio of 0.15, a quick ratio of 0.79 and a current ratio of 1.44. The company has a market capitalization of $244.90 million, a P/E ratio of 34.42 and a beta of 0.35.

Hedge Funds Weigh In On EVI Industries

Several hedge funds have recently bought and sold shares of EVI. Conestoga Capital Advisors LLC increased its position in EVI Industries by 1.3% during the third quarter. Conestoga Capital Advisors LLC now owns 775,266 shares of the industrial products company’s stock worth $14,986,000 after purchasing an additional 9,615 shares during the last quarter. Captrust Financial Advisors increased its stake in EVI Industries by 1.1% during 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 period. State Street Corp lifted its holdings in EVI Industries by 1.9% in the 3rd quarter. State Street Corp now owns 88,520 shares of the industrial products company’s stock worth $1,739,000 after buying an additional 1,685 shares in the last quarter. King Luther Capital Management Corp purchased a new position in EVI Industries in the 3rd quarter valued at about $694,000. Finally, Natixis Advisors LLC grew its stake in shares of EVI Industries by 4.6% during the third quarter. Natixis Advisors LLC now owns 33,726 shares of the industrial products company’s stock valued at $652,000 after acquiring an additional 1,485 shares in the last quarter. 37.30% of the stock is 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.