BidaskClub cut shares of Envirostar Inc (NYSEMKT:EVI) from a buy rating to a hold rating in a research note published on Thursday morning.

Shares of Envirostar (NYSEMKT EVI) opened at 27.80 on Thursday. Envirostar has a 1-year low of $5.65 and a 1-year high of $36.00. The stock has a 50 day moving average of $29.31 and a 200-day moving average of $24.31. The company has a market capitalization of $288.26 million, a price-to-earnings ratio of 83.48 and a beta of 0.42.

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A number of institutional investors have recently made changes to their positions in the stock. New York State Common Retirement Fund bought a new position in Envirostar in the 2nd quarter worth about $100,000. California State Teachers Retirement System bought a new position in Envirostar in the 2nd quarter worth about $168,000. Teachers Advisors LLC bought a new position in Envirostar in the 2nd quarter worth about $170,000. Schwab Charles Investment Management Inc. bought a new position in Envirostar in the 2nd quarter worth about $214,000. Finally, Virtu KCG Holdings LLC bought a new position in Envirostar in the 2nd quarter worth about $249,000.

About Envirostar

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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