EVI Industries (NYSEAMERICAN:EVI) Rating Increased to Buy at StockNews.com

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

EVI Industries Price Performance

Shares of NYSEAMERICAN:EVI opened at $19.61 on Friday. EVI Industries has a 52-week low of $14.51 and a 52-week high of $28.65. The company has a market capitalization of $248.65 million, a P/E ratio of 53.00 and a beta of 0.34. The company has a current ratio of 1.46, a quick ratio of 0.77 and a debt-to-equity ratio of 0.09.

Institutional Trading of EVI Industries

Several hedge funds and other institutional investors have recently bought and sold shares of the stock. Conestoga Capital Advisors LLC boosted its position in EVI Industries by 18.3% during the 2nd 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 in the last quarter. Swedbank AB purchased a new stake in shares of EVI Industries during the 1st quarter valued at $9,338,000. Vanguard Group Inc. lifted its holdings 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 valued at $7,233,000 after purchasing an additional 23,880 shares during the last quarter. Raymond James & Associates lifted 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 valued at $3,559,000 after purchasing an additional 4,918 shares during the last quarter. Finally, Comerica Bank lifted its holdings in shares of EVI Industries by 53.8% during the 1st 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 during 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.