EVI Industries (NYSEAMERICAN:EVI) Shares Cross Below Two Hundred Day Moving Average – Should You Sell?

EVI Industries, Inc. (NYSEAMERICAN:EVI)’s share price passed below its two hundred day moving average during trading on Tuesday . The stock has a two hundred day moving average of $20.83 and traded as low as $14.53. EVI Industries shares last traded at $14.78, with a volume of 163,625 shares.

Analyst Ratings Changes

Separately, DA Davidson reduced their price target on shares of EVI Industries from $35.00 to $32.00 and set a “buy” rating for the company in a report on Thursday, May 14th. One analyst has rated the stock with a Buy rating, According to data from MarketBeat, the stock presently has a consensus rating of “Buy” and a consensus price target of $32.00.

EVI Industries Price Performance

The firm has a market capitalization of $207.08 million, a PE ratio of 35.76 and a beta of 0.07. The company has a debt-to-equity ratio of 0.41, a quick ratio of 0.76 and a current ratio of 1.60. The stock has a fifty day moving average price of $17.30 and a 200-day moving average price of $20.73.

EVI Industries (NYSEAMERICAN:EVI) last issued its quarterly earnings data on Monday, May 11th. The industrial products company reported $0.05 earnings per share for the quarter, missing analysts’ consensus estimates of $0.16 by ($0.11). EVI Industries had a return on equity of 4.92% and a net margin of 1.63%.The company had revenue of $101.13 million for the quarter, compared to analysts’ expectations of $111.30 million.

Institutional Inflows and Outflows

Several large investors have recently modified their holdings of the company. BNP Paribas Financial Markets boosted its stake in EVI Industries by 45.2% in the third quarter. BNP Paribas Financial Markets now owns 1,577 shares of the industrial products company’s stock valued at $50,000 after acquiring an additional 491 shares in the last quarter. Tower Research Capital LLC TRC increased its position in shares of EVI Industries by 237.4% during the second quarter. Tower Research Capital LLC TRC now owns 2,001 shares of the industrial products company’s stock worth $44,000 after purchasing an additional 1,408 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its holdings in shares of EVI Industries by 27.8% during the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 3,814 shares of the industrial products company’s stock valued at $64,000 after purchasing an additional 829 shares during the last quarter. Deutsche Bank AG lifted its holdings in shares of EVI Industries by 17.5% during the 4th quarter. Deutsche Bank AG now owns 4,017 shares of the industrial products company’s stock valued at $99,000 after purchasing an additional 597 shares during the last quarter. Finally, Bank of America Corp DE boosted its position in shares of EVI Industries by 39.6% in the 4th quarter. Bank of America Corp DE now owns 4,988 shares of the industrial products company’s stock worth $82,000 after purchasing an additional 1,416 shares in the last quarter. Institutional investors 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. It offers washroom equipment, such as washers and dryers, tunnel systems, and vended machines; finishing equipment comprising sheet feeders, flatwork ironers, automatic sheet folders, and stackers; and material handling equipment, including conveyor and rail systems.