EVI Industries (NYSEAMERICAN:EVI) Shares Cross Above 200 Day Moving Average – Here’s What Happened

EVI Industries, Inc. (NYSEAMERICAN:EVI) shares crossed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of $0.00 and traded as high as $18.63. EVI Industries shares last traded at $18.63, with a volume of 27,834 shares changing hands.

Analyst Ratings Changes

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

EVI Industries Stock Up 0.8 %

The firm has a market cap of $237.72 million, a P/E ratio of 38.81 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.

Institutional Trading of EVI Industries

Institutional investors and hedge funds have recently modified their holdings of the business. Natixis Advisors LLC increased its holdings in shares of EVI Industries by 4.6% in the 3rd quarter. Natixis Advisors LLC now owns 33,726 shares of the industrial products company’s stock worth $652,000 after buying an additional 1,485 shares during the last quarter. FMR LLC increased its stake in EVI Industries by 1,868.5% in the third quarter. FMR LLC now owns 4,252 shares of the industrial products company’s stock valued at $82,000 after acquiring an additional 4,036 shares during the last quarter. BNP Paribas Financial Markets raised its position in EVI Industries by 122.3% during 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. Captrust Financial Advisors lifted its stake in EVI Industries by 1.1% during the third quarter. Captrust Financial Advisors now owns 138,985 shares of the industrial products company’s stock worth $2,687,000 after purchasing an additional 1,472 shares during the last quarter. Finally, State Street Corp boosted its holdings in shares of EVI Industries by 1.9% in the 3rd quarter. State Street Corp now owns 88,520 shares of the industrial products company’s stock worth $1,739,000 after purchasing an additional 1,685 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.