EVI Industries (NYSEAMERICAN:EVI) Upgraded by StockNews.com to Buy Rating

EVI Industries (NYSEAMERICAN:EVI) was upgraded by equities research analysts at StockNews.com from a “hold” rating to a “buy” rating in a research report issued to clients and investors on Tuesday.

EVI Industries Stock Performance

Shares of NYSEAMERICAN:EVI traded down $0.22 during trading on Tuesday, reaching $18.57. The stock had a trading volume of 9,435 shares, compared to its average volume of 16,380. The company has a current ratio of 1.44, a quick ratio of 0.79 and a debt-to-equity ratio of 0.15. EVI Industries has a 52 week low of $14.51 and a 52 week high of $27.00. The stock has a market capitalization of $236.58 million, a P/E ratio of 37.14 and a beta of 0.34.

EVI Industries (NYSEAMERICAN:EVI) last issued its earnings results on Thursday, September 12th. The industrial products company reported $0.14 EPS for the quarter. EVI Industries had a net margin of 2.11% and a return on equity of 5.65%. The firm had revenue of $90.15 million during the quarter.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently bought and sold shares of EVI. Gladius Capital Management LP acquired a new position in EVI Industries during the second quarter worth $29,000. American International Group Inc. lifted its stake in 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 purchasing an additional 838 shares in the last quarter. FMR LLC raised 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 purchasing an additional 4,036 shares in the last quarter. BNP Paribas Financial Markets increased its position in shares of EVI Industries by 122.3% during the 3rd 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 during the last quarter. Finally, Barclays PLC raised its position in EVI Industries by 206.6% in the 3rd quarter. Barclays PLC now owns 7,244 shares of the industrial products company’s stock worth $139,000 after purchasing an additional 4,881 shares during the period. 37.30% of the stock is owned by institutional investors and hedge funds.

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.