EVI Industries (NYSEAMERICAN:EVI) Shares Cross Above Two Hundred Day Moving Average – Here’s Why

EVI Industries, Inc. (NYSEAMERICAN:EVI) crossed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of $0.00 and traded as high as $16.72. EVI Industries shares last traded at $16.27, with a volume of 11,658 shares.

Analyst Upgrades and Downgrades

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 company has a debt-to-equity ratio of 0.20, a current ratio of 1.58 and a quick ratio of 0.87. The stock has a market capitalization of $207.61 million, a P/E ratio of 33.90 and a beta of 0.40.

Institutional Trading of EVI Industries

Several institutional investors have recently made changes to their positions in the stock. FMR LLC lifted its position in EVI Industries by 1,868.5% in the 3rd quarter. FMR LLC now owns 4,252 shares of the industrial products company’s stock worth $82,000 after buying an additional 4,036 shares in the last quarter. BNP Paribas Financial Markets increased its stake in shares of EVI Industries by 122.3% in the third quarter. BNP Paribas Financial Markets now owns 4,338 shares of the industrial products company’s stock worth $84,000 after acquiring an additional 2,387 shares during the last quarter. Bank of America Corp DE raised its holdings in shares of EVI Industries by 39.6% during the fourth quarter. Bank of America Corp DE now owns 4,988 shares of the industrial products company’s stock worth $82,000 after acquiring an additional 1,416 shares in the last quarter. Deutsche Bank AG boosted its position in EVI Industries by 70.4% during the fourth quarter. Deutsche Bank AG now owns 5,909 shares of the industrial products company’s stock valued at $97,000 after purchasing an additional 2,441 shares during the last quarter. Finally, Barclays PLC grew its stake in EVI Industries by 206.6% in 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 in the last quarter. 37.30% of the stock is currently owned by institutional investors and hedge funds.

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.