Envirostar Inc (NYSEMKT:EVI) was downgraded by equities researchers at BidaskClub from a “buy” rating to a “hold” rating in a research report issued on Tuesday.

Envirostar (EVI) opened at 23.85 on Tuesday. The firm has a market cap of $247.30 million, a P/E ratio of 71.62 and a beta of 0.42. The stock has a 50 day moving average of $30.00 and a 200-day moving average of $25.25. Envirostar has a 12 month low of $6.66 and a 12 month high of $36.00.

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Several institutional investors have recently modified their holdings of the company. New York State Common Retirement Fund bought a new position in shares of Envirostar in the second quarter worth approximately $100,000. California State Teachers Retirement System bought a new position in shares of Envirostar in the second quarter worth approximately $168,000. Teachers Advisors LLC bought a new position in shares of Envirostar in the second quarter worth approximately $170,000. Schwab Charles Investment Management Inc. bought a new position in shares of Envirostar in the second quarter worth approximately $214,000. Finally, Virtu KCG Holdings LLC bought a new position in shares of Envirostar in the second quarter worth approximately $249,000.

Envirostar Company Profile

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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