StockNews.com Upgrades EVI Industries (NYSEAMERICAN:EVI) to Buy

by · The Cerbat Gem

EVI Industries (NYSEAMERICAN:EVI – Get Free Report) was upgraded by research analysts at StockNews.com from a “hold” rating to a “buy” rating in a research report issued on Friday.

EVI Industries Stock Performance

EVI Industries stock traded up $0.53 during midday trading on Friday, reaching $19.15. The company’s stock had a trading volume of 49,512 shares, compared to its average volume of 17,015. 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 stock has a market cap of $242.82 million, a PE ratio of 50.39 and a beta of 0.34. EVI Industries has a 52 week low of $14.51 and a 52 week high of $28.65.

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

Institutional Investors Weigh In On EVI Industries

Institutional investors have recently added to or reduced their stakes in the business. Gladius Capital Management LP bought a new stake in shares of EVI Industries in the 2nd quarter valued at about $29,000. American International Group Inc. increased its position in EVI Industries by 35.6% during the 1st quarter. American International Group Inc. now owns 3,195 shares of the industrial products company’s stock valued at $80,000 after purchasing an additional 838 shares during the period. BNP Paribas Financial Markets boosted its stake in shares of EVI Industries by 42.8% in the 1st 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. bought a new position in EVI Industries during the second quarter worth $158,000. Finally, Renaissance Technologies LLC boosted its position in EVI Industries by 18.7% during the second quarter. Renaissance Technologies LLC now owns 13,765 shares of the industrial products company’s stock valued at $260,000 after acquiring an additional 2,168 shares during the last quarter. 37.30% of the stock is owned by institutional investors.

EVI Industries Company Profile

(Get Free Report)

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.

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