Shares of EVI Industries Inc (NYSEAMERICAN:EVI) crossed below its 50 day moving average during trading on Tuesday . The stock has a 50 day moving average of $0.00 and traded as low as $36.50. EVI Industries shares last traded at $36.53, with a volume of 8,849 shares traded.

Separately, TheStreet downgraded Weibo from a “b-” rating to a “c+” rating in a research report on Friday, May 31st.

EVI Industries (NYSEAMERICAN:EVI) last released its earnings results on Friday, May 10th. The industrial products company reported $0.04 EPS for the quarter. The business had revenue of $59.29 million for the quarter.

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Citigroup Inc. grew its stake in EVI Industries by 125.5% in the fourth quarter. Citigroup Inc. now owns 2,327 shares of the industrial products company’s stock valued at $77,000 after acquiring an additional 1,295 shares during the period. Bank of America Corp DE grew its stake in EVI Industries by 369.6% in the fourth quarter. Bank of America Corp DE now owns 3,940 shares of the industrial products company’s stock valued at $132,000 after acquiring an additional 3,101 shares during the period. Steward Partners Investment Advisory LLC acquired a new stake in EVI Industries in the first quarter valued at approximately $208,000. Granite Investment Partners LLC grew its stake in EVI Industries by 87.6% in the first quarter. Granite Investment Partners LLC now owns 26,458 shares of the industrial products company’s stock valued at $1,009,000 after acquiring an additional 12,357 shares during the period. Finally, Empire Life Investments Inc. acquired a new stake in EVI Industries in the first quarter valued at approximately $1,289,000.

About EVI Industries (NYSEAMERICAN:EVI)

EVI Industries, Inc, through its subsidiaries, distributes, leases, and rents commercial, industrial, and vended laundry and dry cleaning equipment, and steam and hot water boilers in the United States, Canada, the Caribbean, and Latin America. It also supplies related replacement parts and accessories; designs and plans laundry, dry cleaning, and boiler systems; and provides installation and maintenance services to commercial, industrial, institutional, government, and retail customers.

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