EVI Industries (NYSEAMERICAN:EVI) Raised to Buy at StockNews.com

StockNews.com upgraded shares of EVI Industries (NYSEAMERICAN:EVI) from a hold rating to a buy rating in a research report report published on Tuesday morning.

EVI Industries Trading Up 1.8%

Shares of NYSEAMERICAN EVI opened at $18.87 on Tuesday. EVI Industries has a 12-month low of $14.51 and a 12-month high of $22.04. The firm’s fifty day moving average is $17.28. 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 company has a market cap of $240.78 million, a PE ratio of 39.31 and a beta of 0.40.

Institutional Trading of EVI Industries

Several hedge funds and other institutional investors have recently made changes to their positions in EVI. Conestoga Capital Advisors LLC raised its stake in EVI Industries by 2.9% in the 1st quarter. Conestoga Capital Advisors LLC now owns 811,660 shares of the industrial products company’s stock worth $13,620,000 after acquiring an additional 23,044 shares during the last quarter. Royce & Associates LP raised its stake in shares of EVI Industries by 7.8% during the 1st quarter. Royce & Associates LP now owns 706,635 shares of the industrial products company’s stock valued at $11,857,000 after buying an additional 50,894 shares during the last quarter. King Luther Capital Management Corp raised its stake in shares of EVI Industries by 416.6% during the 4th quarter. King Luther Capital Management Corp now owns 185,500 shares of the industrial products company’s stock valued at $3,033,000 after buying an additional 149,591 shares during the last quarter. Raymond James Financial Inc. raised its stake in shares of EVI Industries by 4.7% during the 1st quarter. Raymond James Financial Inc. now owns 183,437 shares of the industrial products company’s stock valued at $3,078,000 after buying an additional 8,316 shares during the last quarter. Finally, Captrust Financial Advisors raised its stake in shares of EVI Industries by 4.0% during the 4th quarter. Captrust Financial Advisors now owns 144,514 shares of the industrial products company’s stock valued at $2,363,000 after buying an additional 5,529 shares during the last quarter. Hedge funds and other institutional investors own 37.30% of the company’s stock.

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.