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

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

EVI Industries Trading Down 0.5 %

EVI Industries stock opened at $18.32 on Tuesday. The stock has a market cap of $233.40 million, a P/E ratio of 36.64 and a beta of 0.34. The company has a debt-to-equity ratio of 0.15, a current ratio of 1.44 and a quick ratio of 0.79. EVI Industries has a 52 week low of $14.51 and a 52 week high of $27.00.

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

Institutional Inflows and Outflows

Hedge funds have recently modified their holdings of the stock. Comerica Bank raised its position in EVI Industries by 53.8% during the first quarter. Comerica Bank now owns 73,095 shares of the industrial products company’s stock valued at $1,820,000 after purchasing an additional 25,570 shares in the last quarter. Raymond James & Associates raised its holdings in shares of EVI Industries by 2.7% during the 2nd quarter. Raymond James & Associates now owns 188,083 shares of the industrial products company’s stock worth $3,559,000 after buying an additional 4,918 shares in the last quarter. Vanguard Group Inc. lifted its position in shares of EVI Industries by 9.0% during the 1st quarter. Vanguard Group Inc. now owns 290,501 shares of the industrial products company’s stock worth $7,233,000 after buying an additional 23,880 shares during the last quarter. Swedbank AB bought a new stake in shares of EVI Industries during the 1st quarter worth $9,338,000. Finally, Gladius Capital Management LP acquired a new stake in EVI Industries in the second quarter valued at about $29,000. 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.