EVI Industries, Inc. (NYSEAMERICAN:EVI – Get Free Report) passed above its 200-day moving average during trading on Wednesday. The stock has a 200-day moving average of $17.20 and traded as high as $20.31. EVI Industries shares last traded at $20.13, with a volume of 72,871 shares.
Analyst Ratings Changes
Separately, DA Davidson restated a “buy” rating and set a $32.00 price objective on shares of EVI Industries in a research report on Friday, September 18th. One analyst has rated the stock with a Buy rating. According to data from MarketBeat.com, EVI Industries presently has a consensus rating of “Buy” and an average target price of $32.00.
View Our Latest Analysis on EVI
EVI Industries Stock Down 0.1%
The firm’s 50 day simple moving average is $17.19 and its 200 day simple moving average is $17.20. The company has a market cap of $257.60 million, a price-to-earnings ratio of 41.67 and a beta of 0.10. The company has a quick ratio of 0.87, a current ratio of 1.64 and a debt-to-equity ratio of 0.34.
EVI Industries (NYSEAMERICAN:EVI – Get Free Report) last issued its quarterly earnings data on Tuesday, September 8th. The industrial products company reported $0.17 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.17. EVI Industries had a return on equity of 5.31% and a net margin of 1.73%. The business had revenue of $121.87 million during the quarter, compared to the consensus estimate of $117.10 million.
Institutional Inflows and Outflows
A number of institutional investors have recently added to or reduced their stakes in EVI. BlackRock Inc. bought a new position in shares of EVI Industries in the second quarter worth $5,217,000. Fifth Third Bancorp acquired a new stake in EVI Industries in the first quarter worth about $3,102,000. Dimensional Fund Advisors LP lifted its holdings in EVI Industries by 3.9% in the first quarter. Dimensional Fund Advisors LP now owns 111,750 shares of the industrial products company’s stock worth $2,300,000 after purchasing an additional 4,187 shares during the period. Sei Investments Co. grew its position in EVI Industries by 59.3% in the 1st quarter. Sei Investments Co. now owns 66,096 shares of the industrial products company’s stock valued at $1,360,000 after buying an additional 24,613 shares in the last quarter. Finally, North Star Investment Management Corp. grew its position in EVI Industries by 21.6% in the 1st quarter. North Star Investment Management Corp. now owns 62,000 shares of the industrial products company’s stock valued at $1,276,000 after buying an additional 11,000 shares in the last quarter. Institutional investors and hedge funds own 37.30% of the company’s stock.
EVI Industries Company Profile
EVI Industries, Inc is a distributor of commercial, industrial and vended laundry equipment and related products. Through its operating subsidiaries, the company supplies washers, dryers, ironing and finishing equipment, laundry management systems, parts, chemicals and other supplies used by businesses and institutions.
EVI also provides installation, technical support, maintenance and repair services. Its customers include laundromats, hotels, healthcare facilities, correctional institutions, educational organizations, government agencies and other commercial operators that rely on professional laundry and textile-care operations.
Headquartered in Miami, Florida, EVI serves customers primarily in the United States and Canada through a network of regional operations and distribution businesses.
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