EVI Industries (NYSEAMERICAN:EVI) Shares Pass Above 200 Day Moving Average – What’s Next?

EVI Industries, Inc. (NYSEAMERICAN:EVI)’s stock price crossed above its two hundred day moving average during trading on Wednesday . The stock has a two hundred day moving average of $0.00 and traded as high as $17.00. EVI Industries shares last traded at $16.48, with a volume of 7,602 shares trading hands.

Analyst Ratings Changes

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

EVI Industries Stock Down 0.7 %

The company has a market capitalization of $210.28 million, a price-to-earnings ratio of 34.33 and a beta of 0.40. The company has a quick ratio of 0.87, a current ratio of 1.58 and a debt-to-equity ratio of 0.20.

Institutional Investors Weigh In On EVI Industries

A number of institutional investors and hedge funds have recently bought and sold shares of EVI. GAMMA Investing LLC lifted its position in EVI Industries by 30,361.5% in the 1st quarter. GAMMA Investing LLC now owns 3,960 shares of the industrial products company’s stock worth $66,000 after buying an additional 3,947 shares during the last quarter. Bank of America Corp DE lifted its stake in shares of EVI Industries by 39.6% in the 4th quarter. Bank of America Corp DE now owns 4,988 shares of the industrial products company’s stock valued at $82,000 after acquiring an additional 1,416 shares during the last quarter. Rhumbline Advisers boosted its holdings in EVI Industries by 21.4% during the 1st quarter. Rhumbline Advisers now owns 5,336 shares of the industrial products company’s stock valued at $90,000 after acquiring an additional 940 shares during the period. Deutsche Bank AG grew its position in EVI Industries by 70.4% during the 4th quarter. Deutsche Bank AG now owns 5,909 shares of the industrial products company’s stock worth $97,000 after acquiring an additional 2,441 shares during the last quarter. Finally, Barclays PLC increased its stake in EVI Industries by 11.7% in the 4th quarter. Barclays PLC now owns 8,091 shares of the industrial products company’s stock worth $132,000 after purchasing an additional 847 shares during the period. 37.30% of the stock is owned by hedge funds and other 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.