EVI Industries (NYSEAMERICAN:EVI) Stock Crosses Below 200-Day Moving Average – Time to Sell?

Shares of EVI Industries, Inc. (NYSEAMERICAN:EVI) passed below its 200-day moving average during trading on Monday . The stock has a 200-day moving average of $21.09 and traded as low as $15.51. EVI Industries shares last traded at $15.91, with a volume of 26,338 shares.

Wall Street Analyst Weigh In

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

EVI Industries Price Performance

The stock has a market cap of $193.82 million, a P/E ratio of 33.47 and a beta of 0.03. The company has a current ratio of 1.60, a quick ratio of 0.76 and a debt-to-equity ratio of 0.41. The company’s fifty day simple moving average is $18.05 and its 200-day simple moving average is $21.00.

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

Institutional Investors Weigh In On EVI Industries

Large investors have recently modified their holdings of the stock. Tower Research Capital LLC TRC raised its holdings in shares of EVI Industries by 237.4% in the 2nd quarter. Tower Research Capital LLC TRC now owns 2,001 shares of the industrial products company’s stock worth $44,000 after buying an additional 1,408 shares in the last quarter. BNP Paribas Financial Markets boosted its stake in EVI Industries by 45.2% in the 3rd quarter. BNP Paribas Financial Markets now owns 1,577 shares of the industrial products company’s stock valued at $50,000 after buying an additional 491 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its position in EVI Industries by 27.8% in 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 acquiring an additional 829 shares during the period. Bank of America Corp DE grew its position in EVI Industries by 39.6% in the fourth quarter. Bank of America Corp DE now owns 4,988 shares of the industrial products company’s stock valued at $82,000 after acquiring an additional 1,416 shares during the period. Finally, Rhumbline Advisers grew its position in EVI Industries by 21.4% in the first quarter. Rhumbline Advisers now owns 5,336 shares of the industrial products company’s stock valued at $90,000 after acquiring an additional 940 shares during the period. 37.30% of the stock is currently owned by institutional investors.

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.