Envirostar Inc (NYSEAMERICAN:EVI) was the recipient of a large drop in short interest during the month of December. As of December 29th, there was short interest totalling 635,579 shares, a drop of 17.2% from the December 15th total of 767,168 shares. Currently, 19.8% of the company’s shares are short sold. Based on an average trading volume of 94,812 shares, the short-interest ratio is presently 6.7 days.
Shares of Envirostar (EVI) opened at $39.60 on Friday. Envirostar has a one year low of $14.05 and a one year high of $43.10. The stock has a market capitalization of $427.91, a P/E ratio of 136.55 and a beta of 1.15.
Envirostar (NYSEAMERICAN:EVI) last issued its quarterly earnings results on Tuesday, November 14th. The industrial products company reported $0.05 earnings per share (EPS) for the quarter. The firm had revenue of $26.27 million during the quarter. Envirostar had a return on equity of 6.91% and a net margin of 2.14%.
The company also recently announced a special dividend, which was paid on Tuesday, January 9th. Shareholders of record on Tuesday, December 26th were given a dividend of $0.12 per share. The ex-dividend date of this dividend was Friday, December 22nd. This is a positive change from Envirostar’s previous special dividend of $0.10.
Hedge funds and other institutional investors have recently modified their holdings of the business. New York State Common Retirement Fund bought a new stake in Envirostar during the 2nd quarter valued at $100,000. California State Teachers Retirement System bought a new stake in Envirostar during the 2nd quarter valued at $168,000. Teachers Advisors LLC bought a new stake in Envirostar during the 2nd quarter valued at $170,000. Bank of New York Mellon Corp bought a new stake in Envirostar during the 3rd quarter valued at $208,000. Finally, Schwab Charles Investment Management Inc. bought a new stake in Envirostar during the 2nd quarter valued at $214,000.
A number of equities research analysts recently issued reports on EVI shares. TheStreet raised Envirostar from a “c+” rating to a “b” rating in a research note on Thursday, December 21st. BidaskClub raised Envirostar from a “hold” rating to a “buy” rating in a research note on Tuesday, November 14th.
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Envirostar Company Profile
EnviroStar, Inc, through its subsidiary, Steiner-Atlantic Corp., distributes commercial and industrial laundry and dry cleaning equipment, and steam and hot water boilers manufactured by others; supplies replacement parts and accessories, and provides maintenance services to its customers, and designs and plans turnkey laundry, dry cleaning and boiler systems for its institutional, retail, industrial and commercial customers.
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