EVI Industries (NYSEAMERICAN:EVI) Share Price Passes Above 200-Day Moving Average – Time to Sell?

EVI Industries, Inc. (NYSEAMERICAN:EVI)’s share price passed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of $0.00 and traded as high as $17.32. EVI Industries shares last traded at $16.19, with a volume of 12,359 shares.

Analyst Upgrades and Downgrades

Separately, StockNews.com cut shares of EVI Industries from a “buy” rating to a “hold” rating in a report on Monday, January 13th.

EVI Industries Trading Up 0.2 %

The company has a quick ratio of 0.87, a current ratio of 1.58 and a debt-to-equity ratio of 0.20. The firm has a market cap of $203.52 million, a PE ratio of 33.23 and a beta of 0.40.

Institutional Trading of EVI Industries

A number of large investors have recently made changes to their positions in EVI. Bard Associates Inc. grew its stake in EVI Industries by 6.7% in the 4th quarter. Bard Associates Inc. now owns 12,113 shares of the industrial products company’s stock worth $198,000 after acquiring an additional 764 shares in the last quarter. Barclays PLC increased its holdings in EVI Industries by 11.7% during the 4th quarter. Barclays PLC now owns 8,091 shares of the industrial products company’s stock worth $132,000 after purchasing an additional 847 shares during the period. Geode Capital Management LLC raised its position in EVI Industries by 0.8% during the 4th quarter. Geode Capital Management LLC now owns 113,880 shares of the industrial products company’s stock valued at $1,862,000 after purchasing an additional 892 shares in the last quarter. Rhumbline Advisers lifted its holdings in shares of EVI Industries by 21.4% in the 1st quarter. Rhumbline Advisers now owns 5,336 shares of the industrial products company’s stock worth $90,000 after buying an additional 940 shares during the period. Finally, Bank of America Corp DE grew its position in shares of EVI Industries by 39.6% during the 4th quarter. Bank of America Corp DE now owns 4,988 shares of the industrial products company’s stock worth $82,000 after buying an additional 1,416 shares in the last quarter. 37.30% of the stock is currently owned by 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.