Stock of the Day: Does Envirostar Inc Have More Gas After Reaching Record High?

Stock of the Day: Does Envirostar Inc Have More Gas After Reaching Record High?

The stock of Envirostar Inc (NYSEMKT:EVI) reached all time high today, Nov, 14 and still has $32.64 target or 172.00% above today’s $12.00 share price. This indicates more upside for the $130.44 million company. This technical setup was reported by Barchart.com. If the $32.64 PT is reached, the company will be worth $224.36 million more.
Trading stocks at an all time highs is usually a winning strategy. An all time high points to a stock which has the most positive fundamentals ever. Even thought the pullback rate is high, if correct risk management is utilized, investors can trade very well such events. About 15,676 shares traded hands. Envirostar Inc (NYSEMKT:EVI) has risen 170.94% since April 12, 2016 and is uptrending. It has outperformed by 165.95% 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 important 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 published article titled: “EnviroStar, Inc. Announces Completion of the Acquisition of Western State …”, Businesswire.com published: “EnviroStar, Inc. Appoints a New Director” on May 18, 2015. More interesting news about Envirostar Inc (NYSEMKT:EVI) was released by: Seekingalpha.com and their article: “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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