TheStreet lowered shares of Envirostar Inc (NYSEMKT:EVI) from a b rating to a c+ rating in a research report released on Monday.

Separately, BidaskClub cut Envirostar from a buy rating to a hold rating in a research note on Tuesday.

Shares of Envirostar (EVI) opened at 23.65 on Monday. The firm’s 50-day moving average is $29.84 and its 200-day moving average is $25.24. The firm has a market cap of $245.23 million, a PE ratio of 71.02 and a beta of 0.42. Envirostar has a 12-month low of $6.72 and a 12-month high of $36.00.

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A number of institutional investors and hedge funds have recently made changes to their positions in the stock. Vanguard Group Inc. lifted its stake in Envirostar by 22.4% during the second quarter. Vanguard Group Inc. now owns 91,245 shares of the industrial products company’s stock worth $2,468,000 after purchasing an additional 16,686 shares during the last quarter. Northern Trust Corp bought a new position in Envirostar during the second quarter worth $1,005,000. State Street Corp bought a new position in Envirostar during the second quarter worth $1,001,000. TIAA CREF Investment Management LLC bought a new position in Envirostar during the second quarter worth $257,000. Finally, Virtu KCG Holdings LLC bought a new position in Envirostar during the second quarter worth $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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