Stock Worth Mentioning Today: Time to Reconsider Envirostar Inc After Achieving 52-Week High?

Stock Worth Mentioning Today: Time to Reconsider Envirostar Inc After Achieving 52 Week High?

The stock of Envirostar Inc (NYSEMKT:EVI) hit a new 52-week high and has $13.68 target or 81.00% above today’s $7.56 share price. The 9 months bullish chart indicates low risk for the $57.01M company. The 1-year high was reported on Sep, 30 by Barchart.com. If the $13.68 price target is reached, the company will be worth $46.18M 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 20,035 shares traded hands. Envirostar Inc (NYSEMKT:EVI) has risen 123.62% since February 26, 2016 and is uptrending. It has outperformed by 113.19% 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: Finance.Yahoo.com which released: “EnviroStar, Inc. Announces Year End Results” on September 19, 2016, also Businesswire.com with their article: “EnviroStar, Inc. Announces a Change in Control” published on March 09, 2015, Businesswire.com published: “EnviroStar, Inc. Appoints a New Director” on May 18, 2015. More interesting news about Envirostar Inc (NYSEMKT:EVI) were released by: Seekingalpha.com and their article: “EVI Triples Its Size With WSD Acquisition; Post Deal Analysis” published on September 16, 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 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 Company’s divisions include Commercial and industrial laundry and dry cleaning equipment and boilers, and license and franchise operations. Steiner-Atlantic Corp. sells its products in the United States, the Caribbean and Latin American markets.

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