EVI Industries (NYSEAMERICAN:EVI) Share Price Passes Above Two Hundred Day Moving Average – Should You Sell?

EVI Industries, Inc. (NYSEAMERICAN:EVI)’s share price passed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of $0.00 and traded as high as $21.52. EVI Industries shares last traded at $21.25, with a volume of 9,502 shares traded.

Analysts Set New Price Targets

Separately, StockNews.com downgraded EVI Industries from a “buy” rating to a “hold” rating in a research note on Monday, November 4th.

EVI Industries Price Performance

The stock has a market cap of $270.51 million, a price-to-earnings ratio of 55.92 and a beta of 0.34. The company has a current ratio of 1.46, a quick ratio of 0.77 and a debt-to-equity ratio of 0.09.

EVI Industries (NYSEAMERICAN:EVI) last announced its earnings results on Thursday, September 12th. The industrial products company reported $0.14 earnings per share (EPS) for the quarter. EVI Industries had a net margin of 1.60% and a return on equity of 4.22%. The company had revenue of $90.15 million during the quarter.

EVI Industries Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Monday, October 7th. Stockholders of record on Thursday, September 26th were paid a dividend of $0.31 per share. This represents a $1.24 annualized dividend and a dividend yield of 5.84%. The ex-dividend date was Thursday, September 26th.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently bought and sold shares of the stock. Comerica Bank lifted its holdings in EVI Industries by 53.8% during the first quarter. Comerica Bank now owns 73,095 shares of the industrial products company’s stock valued at $1,820,000 after purchasing an additional 25,570 shares during the last quarter. Raymond James & Associates boosted its stake in shares of EVI Industries by 2.7% during the second quarter. Raymond James & Associates now owns 188,083 shares of the industrial products company’s stock valued at $3,559,000 after purchasing an additional 4,918 shares during the period. Vanguard Group Inc. raised its stake in shares of EVI Industries by 9.0% during the first quarter. Vanguard Group Inc. now owns 290,501 shares of the industrial products company’s stock valued at $7,233,000 after acquiring an additional 23,880 shares during the last quarter. Swedbank AB bought a new position in EVI Industries during the 1st quarter valued at approximately $9,338,000. Finally, Gladius Capital Management LP purchased a new stake in EVI Industries in the second quarter worth $29,000. 37.30% of the stock is owned by 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.