EVI Industries (NYSEAMERICAN:EVI) Raised 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 report issued on Friday.

EVI Industries Stock Performance

EVI traded up $0.36 on Friday, reaching $19.61. The company had a trading volume of 5,031 shares, compared to its average volume of 17,104. The company has a quick ratio of 0.77, a current ratio of 1.46 and a debt-to-equity ratio of 0.09. The firm has a market capitalization of $248.65 million, a PE ratio of 53.00 and a beta of 0.34. EVI Industries has a one year low of $14.51 and a one year high of $28.65.

Institutional Trading of EVI Industries

Large investors have recently added to or reduced their stakes in the company. Gladius Capital Management LP acquired a new stake in EVI Industries in the 2nd quarter worth about $29,000. American International Group Inc. boosted its stake in shares of EVI Industries by 35.6% in the 1st quarter. American International Group Inc. now owns 3,195 shares of the industrial products company’s stock worth $80,000 after buying an additional 838 shares during the last quarter. BNP Paribas Financial Markets lifted its holdings in EVI Industries by 42.8% during the first quarter. BNP Paribas Financial Markets now owns 4,850 shares of the industrial products company’s stock valued at $121,000 after purchasing an additional 1,454 shares during the last quarter. Northwestern Mutual Wealth Management Co. purchased a new position in shares of EVI Industries during the 2nd quarter valued at $158,000. Finally, Renaissance Technologies LLC boosted its stake in shares of EVI Industries by 18.7% in the 2nd quarter. Renaissance Technologies LLC now owns 13,765 shares of the industrial products company’s stock valued at $260,000 after purchasing an additional 2,168 shares in the last quarter. 37.30% of the stock is owned by institutional investors.

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.