EVI Industries (NYSEAMERICAN:EVI) Stock Passes Above 200 Day Moving Average - Time to Sell?
EVI Industries' stock price has crossed above its 200-day moving average, reaching a high of $27.37 before closing at $27.12. Analysts have set a target price of $33.00, with a consensus Buy rating. The company recently paid a special dividend of $0.33 per share. Institutional investors hold 37.30% of the stock, with notable increases in stakes from several hedge funds. EVI Industries specializes in the distribution and leasing of commercial laundry equipment across North America and Latin America.
EVI Industries, Inc. (NYSEAMERICAN:EVI - Get Free Report)'s share price crossed above its two hundred day moving average during trading on Monday . The stock has a two hundred day moving average of $23.92 and traded as high as $27.37. EVI Industries shares last traded at $27.12, with a volume of 6,284 shares trading hands.
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Analyst Upgrades and Downgrades
Separately, DA Davidson set a $33.00 target price on EVI Industries in a research note on Tuesday, September 16th. One investment analyst has rated the stock with a Buy rating, According to data from MarketBeat, the company has a consensus rating of "Buy" and a consensus target price of $33.00.
Read Our Latest Analysis on EVI
EVI Industries Stock Performance
The company has a market capitalization of $348.22 million, a price-to-earnings ratio of 55.35 and a beta of 0.07. The company has a 50 day moving average price of $28.72 and a 200 day moving average price of $23.92. The company has a debt-to-equity ratio of 0.37, a quick ratio of 0.84 and a current ratio of 1.53.
EVI Industries Dividend Announcement
The company also recently disclosed a special dividend, which was paid on Monday, October 6th. Stockholders of record on Thursday, September 25th were issued a dividend of $0.33 per share. The ex-dividend date was Thursday, September 25th.
Institutional Trading of EVI Industries
Hedge funds have recently bought and sold shares of the business. Royce & Associates LP increased its stake in EVI Industries by 7.8% during the 1st quarter. Royce & Associates LP now owns 706,635 shares of the industrial products company's stock valued at $11,857,000 after purchasing an additional 50,894 shares in the last quarter. King Luther Capital Management Corp increased its position in shares of EVI Industries by 13.5% during the second quarter. King Luther Capital Management Corp now owns 210,500 shares of the industrial products company's stock worth $4,595,000 after acquiring an additional 25,000 shares in the last quarter. Ritholtz Wealth Management bought a new stake in shares of EVI Industries during the third quarter worth about $739,000. Conestoga Capital Advisors LLC raised its holdings in shares of EVI Industries by 2.7% in the 2nd quarter. Conestoga Capital Advisors LLC now owns 833,551 shares of the industrial products company's stock worth $18,196,000 after acquiring an additional 21,891 shares during the last quarter. Finally, Los Angeles Capital Management LLC bought a new position in EVI Industries in the 2nd quarter valued at about $381,000. Institutional investors and hedge funds own 37.30% of the company's stock.
EVI Industries Company Profile
(Get Free Report)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.
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