The stock of Envirostar Inc (NYSEMKT:EVI) hit a new 52-week high and has $17.78 target or 108.00% above today’s $8.55 share price. The 6 months bullish chart indicates low risk for the $90.17M company. The 1-year high was reported on Nov, 2 by Barchart.com. If the $17.78 price target is reached, the company will be worth $97.38 million more.
The 52-week high event is an important milestone for every stock because it shows very positive momentum and is time when buyers come in. During such notable technical setup, fundamental investors usually stay away and are careful shorting or selling the stock. About 3,224 shares traded hands. Envirostar Inc (NYSEMKT:EVI) has risen 155.38% since March 31, 2016 and is uptrending. It has outperformed by 152.86% the S&P500.
According to Zacks Investment Research, “EnviroStar, Inc., through its main subsidiary Steiner-Atlantic Corp., distributes industrial boilers, commercial laundry and dry cleaning equipment, parts and technical service in the United States, the Caribbean and Latin America. Their products include their proprietary lines of machines under the Aero-Tech, Multi-Jet and Green Jet brand names as well as brands such as MILNOR, CHICAGO, ADC, CLEAVER-BROOKS, FULTON, IPSO, CISSELL, UNION, REMA, INGERSOLL-RAND, UNIPRESS, FORENTA, and WHITE. The Company seeks to establish customer satisfaction by offering: design and layout assistance with their in-house architectural design services; competitive pricing; comprehensive equipment, parts and accessories; full-service delivery, rigging, startup, training and preventive maintenance programs; full-service staff with toll-free support line to resolve customer service and technical issues. The Company emphasizes on sales of environmentally safe and efficient equipment into various commercial and industrial markets.”
More notable recent Envirostar Inc (NYSEMKT:EVI) news were published by: Businesswire.com which released: “EnviroStar, Inc. Announces a Change in Control” on March 09, 2015, also Businesswire.com with their article: “EnviroStar, Inc. Appoints a New Director” published on May 18, 2015, Businesswire.com published: “EnviroStar, Inc. Announces Completion of the Acquisition of Western State …” on October 11, 2016. More interesting news about Envirostar Inc (NYSEMKT:EVI) were released by: Seekingalpha.com and their article: “EnviroStar up nearly 40% following acquisition news” published on September 08, 2016 as well as Seekingalpha.com‘s news article titled: “EnviroStar Is Still A Great Long-Term Investment” with publication date: September 23, 2015.
EVI Company Profile
EnviroStar, Inc., incorporated on June 13, 1963, 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 creates and plans turnkey laundry, dry cleaning and boiler systems for its institutional, retail, industrial and commercial customers. The Company, through its subsidiary, DRYCLEAN USA License Corp. owns rights to the name DRYCLEAN USA, which it franchises and licenses to retail drycleaners in the United States, the Caribbean and Latin America. The Firm sells a line of commercial and industrial laundry and dry cleaning equipment and steam and hot water boilers manufactured by others, as well as related replacement parts and accessories, and provides maintenance services.
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