EVI Industries (NYSEAMERICAN:EVI) Stock Price Passes Above 200 Day Moving Average – Should You Sell?

EVI Industries, Inc. (NYSEAMERICAN:EVI) crossed 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 $18.63. EVI Industries shares last traded at $18.63, with a volume of 27,834 shares trading hands.

Analyst Ratings Changes

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

EVI Industries Stock Performance

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 capitalization of $238.99 million, a price-to-earnings ratio of 39.02 and a beta of 0.40.

Institutional Trading of EVI Industries

A number of institutional investors and hedge funds have recently made changes to their positions in the company. Conestoga Capital Advisors LLC raised its holdings in EVI Industries by 1.7% during the 4th quarter. Conestoga Capital Advisors LLC now owns 788,616 shares of the industrial products company’s stock worth $12,894,000 after purchasing an additional 13,350 shares during the last quarter. King Luther Capital Management Corp increased its holdings in EVI Industries by 416.6% during the 4th quarter. King Luther Capital Management Corp now owns 185,500 shares of the industrial products company’s stock worth $3,033,000 after purchasing an additional 149,591 shares in the last quarter. Raymond James Financial Inc. purchased a new stake in shares of EVI Industries in the fourth quarter valued at about $2,863,000. Captrust Financial Advisors lifted its position in shares of EVI Industries by 4.0% during the 4th quarter. Captrust Financial Advisors now owns 144,514 shares of the industrial products company’s stock worth $2,363,000 after buying an additional 5,529 shares in the last quarter. Finally, Geode Capital Management LLC boosted its position in EVI Industries by 0.8% in the fourth quarter. Geode Capital Management LLC now owns 113,880 shares of the industrial products company’s stock worth $1,862,000 after purchasing an additional 892 shares during 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.