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

EVI Industries (NYSEAMERICAN:EVI) was upgraded by analysts at StockNews.com from a “hold” rating to a “buy” rating in a research note issued to investors on Tuesday.

EVI Industries Price Performance

EVI Industries stock opened at $18.54 on Tuesday. The stock has a market cap of $236.57 million, a PE ratio of 38.63 and a beta of 0.40. The company has a debt-to-equity ratio of 0.20, a quick ratio of 0.87 and a current ratio of 1.58. EVI Industries has a 1-year low of $14.51 and a 1-year high of $22.04. The company has a 50 day moving average price of $17.26.

Hedge Funds Weigh In On EVI Industries

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. SVB Wealth LLC purchased a new position in EVI Industries in the 1st quarter valued at approximately $25,000. Corebridge Financial Inc. boosted its position in EVI Industries by 24.9% in the 1st quarter. Corebridge Financial Inc. now owns 3,206 shares of the industrial products company’s stock valued at $54,000 after buying an additional 639 shares during the period. Russell Investments Group Ltd. boosted its position in EVI Industries by 5,337.1% in the 1st quarter. Russell Investments Group Ltd. now owns 3,371 shares of the industrial products company’s stock valued at $57,000 after buying an additional 3,309 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its position in EVI Industries by 27.8% in the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 3,814 shares of the industrial products company’s stock valued at $64,000 after buying an additional 829 shares during the period. Finally, GAMMA Investing LLC boosted 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 valued at $66,000 after buying an additional 3,947 shares during the period. Hedge funds and other 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.