Envela (NYSEAMERICAN:ELA) Stock Price Crosses Above Two Hundred Day Moving Average of $0.00

Envela Co. (NYSEAMERICAN:ELA) passed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of $0.00 and traded as high as $4.65. Envela shares last traded at $4.42, with a volume of 27,496 shares changing hands.

Envela Stock Down 3.9 %

The company has a market cap of $116.16 million, a price-to-earnings ratio of 18.42 and a beta of 0.14. The company has a current ratio of 5.04, a quick ratio of 2.52 and a debt-to-equity ratio of 0.27.

Envela (NYSEAMERICAN:ELA) last issued its quarterly earnings data on Wednesday, May 8th. The company reported $0.07 earnings per share for the quarter, topping analysts’ consensus estimates of $0.03 by $0.04. The business had revenue of $39.90 million for the quarter, compared to analyst estimates of $33.99 million. Envela had a return on equity of 13.55% and a net margin of 4.00%. Sell-side analysts anticipate that Envela Co. will post 0.18 earnings per share for the current year.

Hedge Funds Weigh In On Envela

A number of hedge funds and other institutional investors have recently made changes to their positions in ELA. O Shaughnessy Asset Management LLC raised its position in shares of Envela by 18.9% in the 3rd quarter. O Shaughnessy Asset Management LLC now owns 30,492 shares of the company’s stock worth $145,000 after acquiring an additional 4,846 shares in the last quarter. Leo Wealth LLC bought a new stake in Envela in the fourth quarter worth approximately $406,000. Finally, Vanguard Group Inc. lifted its stake in Envela by 0.8% in the first quarter. Vanguard Group Inc. now owns 453,065 shares of the company’s stock valued at $2,093,000 after buying an additional 3,678 shares during the period. 8.15% of the stock is owned by institutional investors and hedge funds.

Envela Company Profile

Envela Corporation, together with its subsidiaries, operates in the re-commerce sector in the United States. The company operates through two segments, Commercial-Services and Direct-To-Consumer. It provides end-of-life asset recycling; data destruction and IT asset management; and products, services, and solutions to industrial and commercial companies, as well as operates as a re-commerce retailers of luxury hard assets.