EVI Industries (NYSEAMERICAN:EVI) Stock Rating Upgraded by StockNews.com

EVI Industries (NYSEAMERICAN:EVI) was upgraded by analysts at StockNews.com from a “hold” rating to a “buy” rating in a research report issued on Tuesday.

EVI Industries Stock Performance

EVI opened at $16.74 on Tuesday. The firm has a market capitalization of $238.21 million, a PE ratio of 33.48 and a beta of 0.35. The company has a quick ratio of 0.79, a current ratio of 1.44 and a debt-to-equity ratio of 0.15. EVI Industries has a 12-month low of $14.51 and a 12-month high of $25.50.

Institutional Trading of EVI Industries

A number of hedge funds have recently made changes to their positions in the stock. King Luther Capital Management Corp acquired a new stake in EVI Industries during the third quarter valued at $694,000. BNP Paribas Financial Markets lifted its holdings in shares of EVI Industries by 122.3% during the 3rd quarter. BNP Paribas Financial Markets now owns 4,338 shares of the industrial products company’s stock valued at $84,000 after buying an additional 2,387 shares during the last quarter. Captrust Financial Advisors lifted its holdings 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 last quarter. State Street Corp grew its stake in shares of EVI Industries by 1.9% in the 3rd quarter. State Street Corp now owns 88,520 shares of the industrial products company’s stock valued at $1,739,000 after buying an additional 1,685 shares in the last quarter. Finally, FMR LLC increased its holdings in EVI Industries by 1,868.5% in the third quarter. FMR LLC now owns 4,252 shares of the industrial products company’s stock worth $82,000 after buying an additional 4,036 shares during the last quarter. 37.30% of the stock is 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.