EVI Industries (NYSEAMERICAN:EVI) Stock Crosses Below 200 Day Moving Average – Time to Sell?

EVI Industries, Inc. (NYSEAMERICAN:EVI)’s stock price passed below its 200-day moving average during trading on Monday . The stock has a 200-day moving average of $25.41 and traded as low as $17.77. EVI Industries shares last traded at $18.16, with a volume of 57,636 shares traded.

Analyst Ratings Changes

Separately, DA Davidson reiterated a “buy” rating and issued a $35.00 price objective on shares of EVI Industries in a research note on Wednesday, February 11th. One equities research analyst has rated the stock with a Buy rating, According to MarketBeat.com, EVI Industries has an average rating of “Buy” and an average target price of $35.00.

EVI Industries Stock Down 2.4%

The business has a 50-day simple moving average of $24.16 and a two-hundred day simple moving average of $25.41. The company has a debt-to-equity ratio of 0.40, a quick ratio of 0.77 and a current ratio of 1.58. The company has a market capitalization of $233.54 million, a price-to-earnings ratio of 38.64 and a beta of 0.04.

EVI Industries (NYSEAMERICAN:EVI) last released its earnings results on Monday, February 9th. The industrial products company reported $0.15 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.16 by ($0.01). EVI Industries had a net margin of 1.72% and a return on equity of 5.18%. The company had revenue of $115.29 million during the quarter, compared to analyst estimates of $108.00 million.

Hedge Funds Weigh In On EVI Industries

A number of large investors have recently bought and sold shares of EVI. Bard Associates Inc. boosted its holdings in shares of EVI Industries by 4.5% in the fourth quarter. Bard Associates Inc. now owns 14,720 shares of the industrial products company’s stock valued at $363,000 after acquiring an additional 631 shares in the last quarter. State Street Corp raised its holdings in EVI Industries by 0.8% during the fourth quarter. State Street Corp now owns 89,460 shares of the industrial products company’s stock worth $2,204,000 after purchasing an additional 715 shares in the last quarter. Wells Fargo & Company MN lifted its position in EVI Industries by 12.6% in the fourth quarter. Wells Fargo & Company MN now owns 16,498 shares of the industrial products company’s stock valued at $407,000 after purchasing an additional 1,852 shares during the period. Renaissance Technologies LLC boosted its holdings in EVI Industries by 4.4% in the 4th quarter. Renaissance Technologies LLC now owns 16,697 shares of the industrial products company’s stock valued at $411,000 after purchasing an additional 700 shares in the last quarter. Finally, Dimensional Fund Advisors LP boosted its holdings in EVI Industries by 3.0% in the 4th quarter. Dimensional Fund Advisors LP now owns 107,563 shares of the industrial products company’s stock valued at $2,652,000 after purchasing an additional 3,183 shares in 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. It offers washroom equipment, such as washers and dryers, tunnel systems, and vended machines; finishing equipment comprising sheet feeders, flatwork ironers, automatic sheet folders, and stackers; and material handling equipment, including conveyor and rail systems.