Evi Industries Inc (NYSEAMERICAN: EVI) stock suffered a major decline of -11.8% on 8/9/24. The shares closed at $15.04. Moreover, exceptionally high trading volume at 265% of normal accompanied the decline. The stock has been extremely weak relative to the market over the last nine months and has declined -18.9% during the last week.
Current PriceTarget Research Rating
EVI’s future returns on capital are forecasted to be in line with the cost of capital. Accordingly, the company is expected to continue to be Value Creation neutral.
Evi Industries has a current Value Trend Rating of F (Lowest Rating). With this rating, PTR’s two proprietary measures of a stock’s current attractiveness are providing highly consistent signals. Evi Industries has a poor Appreciation Score of 20 and a poor Power Rating of 17, with the Lowest Value Trend Rating the result.
Rating Review
In light of this highly negative price change we are reviewing our current Overall Rating of F. This review will be completed in the next several days.
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