EVI Industries (NYSEAMERICAN:EVI) Upgraded at StockNews.com

EVI Industries (NYSEAMERICAN:EVI) was upgraded by StockNews.com from a “hold” rating to a “buy” rating in a note issued to investors on Wednesday.

EVI Industries Stock Performance

EVI stock opened at $19.60 on Wednesday. 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 company has a market capitalization of $248.53 million, a PE ratio of 51.58 and a beta of 0.34. EVI Industries has a 1 year low of $14.51 and a 1 year high of $27.90.

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

Institutional Investors Weigh In On EVI Industries

A number of large investors have recently made changes to their positions in the stock. Northwestern Mutual Wealth Management Co. purchased a new stake in shares of EVI Industries in the second quarter valued at approximately $158,000. Renaissance Technologies LLC lifted its holdings in EVI Industries by 18.7% in 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. Conestoga Capital Advisors LLC lifted its holdings in EVI Industries by 18.3% in the second quarter. Conestoga Capital Advisors LLC now owns 765,651 shares of the industrial products company’s stock valued at $14,486,000 after acquiring an additional 118,490 shares during the last quarter. Bank of New York Mellon Corp lifted its holdings in EVI Industries by 7.1% in the second quarter. Bank of New York Mellon Corp now owns 21,499 shares of the industrial products company’s stock valued at $407,000 after acquiring an additional 1,422 shares during the last quarter. Finally, Raymond James & Associates lifted its holdings in EVI Industries by 2.7% in the second quarter. Raymond James & Associates now owns 188,083 shares of the industrial products company’s stock valued at $3,559,000 after acquiring an additional 4,918 shares during the last quarter. 37.30% of the stock is currently owned by hedge funds and other institutional investors.

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.