EVI Industries (NYSEAMERICAN:EVI) Shares Pass Above Two Hundred Day Moving Average – Should You Sell?

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 $17.48. EVI Industries shares last traded at $17.34, with a volume of 9,182 shares changing hands.

Analysts Set New Price Targets

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

EVI Industries Stock Down 2.7 %

The company has a market cap of $246.75 million, a PE ratio of 34.68 and a beta of 0.39. The company has a debt-to-equity ratio of 0.15, a current ratio of 1.44 and a quick ratio of 0.79.

EVI Industries (NYSEAMERICAN:EVI) last issued its quarterly earnings results on Tuesday, November 12th. The industrial products company reported $0.21 EPS for the quarter. The company had revenue of $93.63 million for the quarter. EVI Industries had a net margin of 2.11% and a return on equity of 5.65%.

Institutional Trading of EVI Industries

Institutional investors have recently bought and sold shares of the company. King Luther Capital Management Corp acquired a new stake in shares of EVI Industries during the 3rd quarter worth approximately $694,000. Conestoga Capital Advisors LLC boosted its stake in EVI Industries by 1.7% during the fourth quarter. Conestoga Capital Advisors LLC now owns 788,616 shares of the industrial products company’s stock worth $12,894,000 after acquiring an additional 13,350 shares in the last quarter. Bard Associates Inc. bought a new position in EVI Industries during the third quarter worth $223,000. Northwestern Mutual Wealth Management Co. acquired a new stake in EVI Industries in the second quarter worth $158,000. Finally, JPMorgan Chase & Co. increased its stake in EVI Industries by 112.5% in the third quarter. JPMorgan Chase & Co. now owns 10,341 shares of the industrial products company’s stock valued at $200,000 after purchasing an additional 5,474 shares in the last quarter. Institutional investors 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.