EVI Industries (NYSEAMERICAN:EVI) Cut to Hold at StockNews.com

StockNews.com downgraded shares of EVI Industries (NYSEAMERICAN:EVI) from a buy rating to a hold rating in a research report report published on Monday.

EVI Industries Trading Down 3.9 %

Shares of NYSEAMERICAN:EVI opened at $16.35 on Monday. 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 one year low of $14.51 and a one year high of $25.50. The firm has a market cap of $232.66 million, a PE ratio of 32.70 and a beta of 0.35.

Institutional Trading of EVI Industries

A number of hedge funds have recently modified their holdings of EVI. King Luther Capital Management Corp purchased a new stake in shares of EVI Industries in the third quarter worth approximately $694,000. BNP Paribas Financial Markets lifted its position in EVI Industries by 122.3% in the 3rd quarter. BNP Paribas Financial Markets now owns 4,338 shares of the industrial products company’s stock worth $84,000 after buying an additional 2,387 shares in the last quarter. Captrust Financial Advisors boosted its stake in shares of EVI Industries by 1.1% during the 3rd quarter. Captrust Financial Advisors now owns 138,985 shares of the industrial products company’s stock valued at $2,687,000 after buying an additional 1,472 shares during the period. FMR LLC boosted its stake in shares of EVI Industries by 1,868.5% during the 3rd quarter. FMR LLC now owns 4,252 shares of the industrial products company’s stock valued at $82,000 after buying an additional 4,036 shares during the period. Finally, Bank of New York Mellon Corp grew its holdings in shares of EVI Industries by 7.1% during the 2nd 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 in the last quarter. Hedge funds and other 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.