Overall market sentiment has been down on EVI Industries Inc (EVI) stock lately. EVI receives a Bearish rating from InvestorsObserver Stock Sentiment Indicator.
EVI Industries Inc has a Bearish sentiment reading. Find out what this means for you and get the rest of the rankings on EVI!
In investing, sentiment generally means whether or not a given security is in favor with investors. It is typically a pretty short-term metric that relies entirely on technical analysis. That means it doesn’t incorporate anything to do with the health or profitability of the underlying company.
Price action is generally the best indicator of sentiment. For a stock to go up, investors must feel good about it. Similarly, a stock that is in a downtrend must be out of favor.
InvestorsObserver’s Sentiment Indicator considers price action and recent trends in volume. Increasing volumes often mean that a trend is strengthening, while decreasing volumes can signal that a reversal could come soon.
The options market is another place to get signals about sentiment. Since options allow investors to place bets on the price of a stock, we consider the ratio of calls and puts for stocks where options are available.
What's Happening With EVI Stock Today?
EVI Industries Inc (EVI) stock is trading at $21.40 as of 1:42 PM on Thursday, Dec 8, a rise of $0.39, or 1.86% from the previous closing price of $21.01. The stock has traded between $20.76 and $22.62 so far today. Volume today is light. So far 17,384 shares have traded compared to average volume of 24,089 shares.
To screen for more stocks like EVI Industries Inc click here.
More About EVI Industries Inc
EVI Industries Inc through its subsidiaries, is a distributor that sells, leases, and rents commercial, industrial, and vended laundry and dry cleaning equipment and steam and hot water boilers manufactured by others, supplies related replacement parts and accessories, designs and plans turn-key laundry, dry cleaning, and boiler systems, and provides installation and maintenance services to its customers, which include commercial, industrial, institutional, government, and retail customers. These activities are conducted in the United States, Canada, the Caribbean and Latin America.
Click Here to get the full Stock Report for EVI Industries Inc stock.
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