Shares of Envela Co. (NYSEAMERICAN:ELA – Get Free Report) crossed above its two hundred day moving average during trading on Wednesday . The stock has a two hundred day moving average of $0.00 and traded as high as $5.47. Envela shares last traded at $5.41, with a volume of 21,820 shares traded.
Envela Trading Up 2.3 %
The stock has a market capitalization of $140.66 million, a price-to-earnings ratio of 22.54 and a beta of 0.35. The company has a quick ratio of 2.08, a current ratio of 4.76 and a debt-to-equity ratio of 0.25.
Institutional Investors Weigh In On Envela
A number of institutional investors have recently made changes to their positions in the stock. Mink Brook Asset Management LLC bought a new stake in shares of Envela in the 4th quarter valued at about $8,205,000. Millennium Management LLC grew its position in shares of Envela by 4.2% in the 4th quarter. Millennium Management LLC now owns 55,907 shares of the company’s stock valued at $401,000 after buying an additional 2,253 shares during the last quarter. Ancora Advisors LLC bought a new stake in shares of Envela in the 4th quarter valued at about $244,000. 683 Capital Management LLC bought a new stake in shares of Envela in the 4th quarter valued at about $386,000. Finally, Jane Street Group LLC grew its position in shares of Envela by 72.8% in the 4th quarter. Jane Street Group LLC now owns 30,343 shares of the company’s stock valued at $218,000 after buying an additional 12,783 shares during the last quarter. Institutional investors own 8.15% of the company’s stock.
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.
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