EVI Industries (NYSEAMERICAN:EVI) Lifted to “Buy” at StockNews.com

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 on Thursday.

EVI Industries Trading Up 4.6 %

Shares of NYSEAMERICAN EVI opened at $19.98 on Thursday. The firm has a market capitalization of $253.35 million, a PE ratio of 52.58 and a beta of 0.34. EVI Industries has a fifty-two week low of $14.51 and a fifty-two week high of $27.90. The company has a debt-to-equity ratio of 0.09, a current ratio of 1.46 and a quick ratio of 0.77.

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

Institutional Inflows and Outflows

A number of hedge funds have recently bought and sold shares of the business. Gladius Capital Management LP purchased a new position in shares of EVI Industries during the 2nd quarter worth approximately $29,000. American International Group Inc. lifted its position 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 valued at $80,000 after acquiring an additional 838 shares in the last quarter. BNP Paribas Financial Markets lifted its position in 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 acquiring an additional 1,454 shares in the last quarter. Northwestern Mutual Wealth Management Co. bought a new position in shares of EVI Industries during the 2nd quarter valued at $158,000. Finally, Renaissance Technologies LLC lifted its holdings in shares of EVI Industries by 18.7% during the 2nd quarter. Renaissance Technologies LLC now owns 13,765 shares of the industrial products company’s stock valued at $260,000 after buying an additional 2,168 shares during the period. 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.