EVI Industries (NYSEAMERICAN:EVI) Lowered to Hold Rating by StockNews.com

EVI Industries (NYSEAMERICAN:EVI) was downgraded by stock analysts at StockNews.com from a “buy” rating to a “hold” rating in a report issued on Monday.

EVI Industries Trading Up 1.2 %

NYSEAMERICAN EVI traded up $0.20 during trading on Monday, reaching $17.00. 15,971 shares of the company’s stock were exchanged, compared to its average volume of 15,824. 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 fifty-two week low of $14.51 and a fifty-two week high of $25.50. The firm has a market capitalization of $241.91 million, a PE ratio of 34.00 and a beta of 0.35.

Institutional Inflows and Outflows

A number of large investors have recently made changes to their positions in the stock. King Luther Capital Management Corp bought a new position in EVI Industries during the 3rd quarter valued at about $694,000. Bard Associates Inc. bought a new position in shares of EVI Industries in the third quarter valued at approximately $223,000. Conestoga Capital Advisors LLC boosted its holdings in shares of EVI Industries by 1.3% in the 3rd quarter. Conestoga Capital Advisors LLC now owns 775,266 shares of the industrial products company’s stock worth $14,986,000 after acquiring an additional 9,615 shares in the last quarter. Northwestern Mutual Wealth Management Co. acquired a new stake in shares of EVI Industries in the second quarter valued at $158,000. Finally, JPMorgan Chase & Co. raised its stake in shares of EVI Industries by 112.5% in the third quarter. JPMorgan Chase & Co. now owns 10,341 shares of the industrial products company’s stock worth $200,000 after acquiring an additional 5,474 shares during the last quarter. Institutional investors and hedge funds 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.