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

EVI Industries, Inc. (NYSEAMERICAN:EVI)’s share price passed above its two hundred day moving average during trading on Tuesday . The stock has a two hundred day moving average of $0.00 and traded as high as $17.32. EVI Industries shares last traded at $16.19, with a volume of 12,359 shares changing hands.

Analyst Upgrades and Downgrades

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

EVI Industries Stock Performance

The firm has a market capitalization of $206.58 million, a price-to-earnings ratio of 33.73 and a beta of 0.40. The company has a current ratio of 1.58, a quick ratio of 0.87 and a debt-to-equity ratio of 0.20.

Institutional Inflows and Outflows

Institutional investors have recently bought and sold shares of the stock. JPMorgan Chase & Co. lifted its position in EVI Industries by 112.5% during the 3rd 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 during the period. Barclays PLC grew its position in shares of EVI Industries by 206.6% during the 3rd quarter. Barclays PLC now owns 7,244 shares of the industrial products company’s stock worth $139,000 after buying an additional 4,881 shares during the period. Raymond James Financial Inc. acquired a new stake in shares of EVI Industries in the 4th quarter valued at approximately $2,863,000. BNP Paribas Financial Markets increased its stake in EVI Industries by 122.3% in 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 in the last quarter. Finally, King Luther Capital Management Corp boosted its position in shares of EVI Industries by 416.6% during the fourth quarter. King Luther Capital Management Corp now owns 185,500 shares of the industrial products company’s stock worth $3,033,000 after purchasing an additional 149,591 shares in the last quarter. 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.