EVI Industries (NYSEAMERICAN:EVI) Stock Passes Above 200-Day Moving Average – Here’s Why

EVI Industries, Inc. (NYSEAMERICAN:EVI) shares crossed above its two hundred day moving average during trading on Wednesday . The stock has a two hundred day moving average of $0.00 and traded as high as $18.00. EVI Industries shares last traded at $18.00, with a volume of 8,980 shares.

Analyst Ratings Changes

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

EVI Industries Stock Performance

The company has a quick ratio of 0.87, a current ratio of 1.58 and a debt-to-equity ratio of 0.20. The stock has a market capitalization of $229.68 million, a price-to-earnings ratio of 37.50 and a beta of 0.40.

Hedge Funds Weigh In On EVI Industries

Several hedge funds and other institutional investors have recently bought and sold shares of the company. FMR LLC grew its position in shares of EVI Industries by 1,868.5% in the third quarter. FMR LLC now owns 4,252 shares of the industrial products company’s stock valued at $82,000 after purchasing an additional 4,036 shares during the period. Bank of America Corp DE grew 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 valued at $82,000 after purchasing an additional 1,416 shares during the last quarter. BNP Paribas Financial Markets grew its holdings in shares of EVI Industries by 122.3% during the third quarter. BNP Paribas Financial Markets now owns 4,338 shares of the industrial products company’s stock valued at $84,000 after purchasing an additional 2,387 shares during the last quarter. Deutsche Bank AG grew its holdings in EVI Industries by 70.4% in the 4th quarter. Deutsche Bank AG now owns 5,909 shares of the industrial products company’s stock worth $97,000 after buying an additional 2,441 shares in the last quarter. Finally, Barclays PLC grew its holdings in EVI Industries by 11.7% in the 4th quarter. Barclays PLC now owns 8,091 shares of the industrial products company’s stock worth $132,000 after buying an additional 847 shares in the last quarter. 37.30% of the stock is owned by institutional investors and hedge funds.

EVI Industries Company Profile

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.