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

EVI Industries, Inc. (NYSEAMERICAN:EVI) 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 $19.65. EVI Industries shares last traded at $19.55, with a volume of 10,235 shares trading hands.

Wall Street Analyst Weigh In

Separately, StockNews.com lowered shares of EVI Industries from a “buy” rating to a “hold” rating in a research note on Saturday.

EVI Industries Stock Performance

The company has a quick ratio of 0.77, a current ratio of 1.46 and a debt-to-equity ratio of 0.09. The company has a market capitalization of $247.89 million, a P/E ratio of 52.84 and a beta of 0.34.

EVI Industries (NYSEAMERICAN:EVI) last announced its earnings results on Thursday, September 12th. The industrial products company reported $0.14 EPS for the quarter. The business had revenue of $90.15 million during the quarter. EVI Industries had a net margin of 1.60% and a return on equity of 4.22%.

EVI Industries Announces Dividend

The firm also recently declared a dividend, which will be paid on Monday, October 7th. Investors of record on Thursday, September 26th will be paid a $0.31 dividend. The ex-dividend date of this dividend is Thursday, September 26th.

Institutional Investors Weigh In On EVI Industries

Institutional investors have recently made changes to their positions in the stock. American International Group Inc. grew its stake in EVI Industries by 35.6% during the first quarter. American International Group Inc. now owns 3,195 shares of the industrial products company’s stock worth $80,000 after buying an additional 838 shares in the last quarter. Bank of New York Mellon Corp increased its stake in EVI Industries by 7.1% in the second quarter. Bank of New York Mellon Corp now owns 21,499 shares of the industrial products company’s stock valued at $407,000 after acquiring an additional 1,422 shares during the last quarter. BNP Paribas Financial Markets raised its position in EVI Industries by 42.8% during the first quarter. BNP Paribas Financial Markets now owns 4,850 shares of the industrial products company’s stock valued at $121,000 after purchasing an additional 1,454 shares in the last quarter. Gladius Capital Management LP bought a new stake in EVI Industries during the second quarter worth $29,000. Finally, Renaissance Technologies LLC boosted its holdings in shares of EVI Industries by 18.7% in the 2nd quarter. Renaissance Technologies LLC now owns 13,765 shares of the industrial products company’s stock valued at $260,000 after purchasing an additional 2,168 shares in the last quarter. 37.30% of the stock is currently owned by institutional investors.

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.