EVI Industries (NYSEAMERICAN:EVI) Shares Pass Above 200 Day Moving Average – What’s Next?

EVI Industries, Inc. (NYSEAMERICAN:EVI) passed above its two hundred day moving average during trading on Wednesday . The stock has a two hundred day moving average of $0.00 and traded as high as $17.00. EVI Industries shares last traded at $16.48, with a volume of 7,602 shares traded.

Analyst Upgrades and Downgrades

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

EVI Industries Stock Performance

The company has a debt-to-equity ratio of 0.20, a quick ratio of 0.87 and a current ratio of 1.58. The firm has a market cap of $210.28 million, a PE ratio of 34.33 and a beta of 0.40.

Institutional Inflows and Outflows

A number of institutional investors have recently bought and sold shares of EVI. Bard Associates Inc. increased its position in shares of EVI Industries by 6.7% during the 4th quarter. Bard Associates Inc. now owns 12,113 shares of the industrial products company’s stock valued at $198,000 after purchasing an additional 764 shares during the last quarter. Barclays PLC raised its stake in shares of EVI Industries by 11.7% in the fourth quarter. Barclays PLC now owns 8,091 shares of the industrial products company’s stock worth $132,000 after buying an additional 847 shares during the period. Geode Capital Management LLC boosted its position in shares of EVI Industries by 0.8% in the fourth quarter. Geode Capital Management LLC now owns 113,880 shares of the industrial products company’s stock worth $1,862,000 after purchasing an additional 892 shares during the period. Rhumbline Advisers increased its stake in shares of EVI Industries by 21.4% in the first quarter. Rhumbline Advisers now owns 5,336 shares of the industrial products company’s stock worth $90,000 after purchasing an additional 940 shares in the last quarter. Finally, Bank of America Corp DE increased its stake in shares of EVI Industries by 39.6% in the fourth quarter. Bank of America Corp DE now owns 4,988 shares of the industrial products company’s stock worth $82,000 after purchasing an additional 1,416 shares in the last quarter. Institutional investors own 37.30% of the company’s stock.

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.