Envirostar Inc (NYSEMKT:EVI) was downgraded by research analysts at TheStreet from a “b” rating to a “c+” rating in a research report issued to clients and investors on Monday.

Separately, BidaskClub cut shares of Envirostar from a “buy” rating to a “hold” rating in a research report on Tuesday.

Shares of Envirostar (EVI) traded down 0.84% during trading on Monday, reaching $23.65. The company’s stock had a trading volume of 221,248 shares. The company has a market capitalization of $245.23 million, a P/E ratio of 71.02 and a beta of 0.42. Envirostar has a 12 month low of $6.72 and a 12 month high of $36.00. The company’s 50-day moving average is $29.84 and its 200-day moving average is $25.24.

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A number of hedge funds have recently bought and sold shares of EVI. Northern Trust Corp bought a new position in Envirostar in the 2nd quarter worth approximately $1,005,000. State Street Corp bought a new position in Envirostar in the 2nd quarter worth approximately $1,001,000. Vanguard Group Inc. raised its position in Envirostar by 22.4% in the 2nd quarter. Vanguard Group Inc. now owns 91,245 shares of the industrial products company’s stock worth $2,468,000 after purchasing an additional 16,686 shares during the last quarter. TIAA CREF Investment Management LLC bought a new position in Envirostar in the 2nd quarter worth approximately $257,000. Finally, Virtu KCG Holdings LLC bought a new position in Envirostar in the 2nd quarter worth approximately $249,000.

About Envirostar

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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