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

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

EVI Industries Stock Performance

NYSEAMERICAN:EVI opened at $18.87 on Tuesday. The firm’s 50-day moving average is $17.28. EVI Industries has a 52-week low of $14.51 and a 52-week high of $22.04. 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 company has a market capitalization of $240.78 million, a price-to-earnings ratio of 39.31 and a beta of 0.40.

Institutional Investors Weigh In On EVI Industries

A number of hedge funds have recently made changes to their positions in the company. Corebridge Financial Inc. lifted its position in shares of EVI Industries by 24.9% in the first quarter. Corebridge Financial Inc. now owns 3,206 shares of the industrial products company’s stock worth $54,000 after buying an additional 639 shares in the last quarter. Bard Associates Inc. raised its position in EVI Industries by 6.7% during the fourth quarter. Bard Associates Inc. now owns 12,113 shares of the industrial products company’s stock valued at $198,000 after purchasing an additional 764 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its position in EVI Industries by 27.8% during the first 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 period. Barclays PLC raised its position in EVI Industries by 11.7% during the fourth quarter. Barclays PLC now owns 8,091 shares of the industrial products company’s stock valued at $132,000 after purchasing an additional 847 shares during the period. Finally, Geode Capital Management LLC raised its position in EVI Industries by 0.8% during the fourth 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 during the period. 37.30% of the stock is currently owned by hedge funds and other 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.