TheStreet Downgrades EVI Industries (NYSEAMERICAN:EVI) to C

EVI Industries (NYSEAMERICAN:EVI) was downgraded by equities researchers at TheStreet from a “b-” rating to a “c” rating in a research report issued to clients and investors on Friday, May 31st, TheStreetRatingsTable reports.

Shares of NYSEAMERICAN EVI traded down $0.63 during trading on Friday, hitting $36.17. The company had a trading volume of 6,000 shares, compared to its average volume of 18,604. EVI Industries has a 52 week low of $25.39 and a 52 week high of $48.45.

EVI Industries (NYSEAMERICAN:EVI) last posted its quarterly earnings results on Friday, May 10th. The industrial products company reported $0.04 earnings per share (EPS) for the quarter. The company had revenue of $59.29 million during the quarter.

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. Conestoga Capital Advisors LLC grew its holdings in shares of EVI Industries by 3.0% during the 1st quarter. Conestoga Capital Advisors LLC now owns 567,993 shares of the industrial products company’s stock valued at $21,658,000 after acquiring an additional 16,418 shares in the last quarter. Vanguard Group Inc. lifted its stake in shares of EVI Industries by 1.5% in the 3rd quarter. Vanguard Group Inc. now owns 177,681 shares of the industrial products company’s stock valued at $6,921,000 after purchasing an additional 2,546 shares during the last quarter. Vanguard Group Inc lifted its stake in shares of EVI Industries by 1.5% in the 3rd quarter. Vanguard Group Inc now owns 177,681 shares of the industrial products company’s stock valued at $6,921,000 after purchasing an additional 2,546 shares during the last quarter. Royce & Associates LP lifted its stake in shares of EVI Industries by 7.8% in the 1st quarter. Royce & Associates LP now owns 69,300 shares of the industrial products company’s stock valued at $2,642,000 after purchasing an additional 5,000 shares during the last quarter. Finally, Northern Trust Corp lifted its stake in shares of EVI Industries by 12.6% in the 4th quarter. Northern Trust Corp now owns 46,617 shares of the industrial products company’s stock valued at $1,554,000 after purchasing an additional 5,204 shares during the last quarter.

About EVI Industries

EVI Industries, Inc, through its subsidiaries, distributes, leases, and rents commercial, industrial, and vended laundry and dry cleaning equipment, and steam and hot water boilers in the United States, Canada, the Caribbean, and Latin America. It also supplies related replacement parts and accessories; designs and plans laundry, dry cleaning, and boiler systems; and provides installation and maintenance services to commercial, industrial, institutional, government, and retail customers.

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