Alert: Positive Investment/Fundamental Signals (12/1/23)-Evi Industries Inc (NYSEAMERICAN: EVI)

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Extremely significant positive changes in Evi Industries Inc (NYSEAMERICAN: EVI) investment behavior have recently occurred: the stock rose on very heavy volume, and its shorter term price trend turned up.

Evi Industries Inc (NYSEAMERICAN: EVI) has benefited from significant positive changes in fundamentals: significant quarterly earnings acceleration occurred, and significant quarterly sales acceleration occurred.

In light of these very positive signals we are reviewing our current Overall Rating of C. We would view the shares with optimism pending completion of this review in the next several days.

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Current PriceTarget Research Rating

Reflecting future returns on capital that are forecasted to be in line with the cost of capital, EVI is expected to continue to be Value Creation neutral.

Evi Industries has a current Value Trend Rating of C (Neutral). With this rating, PTR’s two proprietary measures of a stock’s current attractiveness are providing very contradictory signals. Evi Industries has a very low Appreciation Score of 9 but a very high Power Rating of 95, triggering the Neutral Value Trend Rating.

Recent Price Action

Evi Industries Inc (NYSEAMERICAN: EVI) stock closed at $26.00 on 12/1/23 after a modest gain of 0.4%. Moreover, trading volume in this advance was exceptionally high at 210% of normal. The stock has been exceptionally strong relative to the market over the last nine months and is unchanged during the last week.

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