Envela Co. (NYSEAMERICAN:ELA – Get Free Report) passed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of $0.00 and traded as high as $6.50. Envela shares last traded at $6.42, with a volume of 19,977 shares traded.
Envela Stock Up 8.1 %
The company has a market cap of $166.92 million, a PE ratio of 26.75 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.
Hedge Funds Weigh In On Envela
A number of institutional investors and hedge funds have recently added to or reduced their stakes in the company. Barclays PLC boosted its stake in shares of Envela by 113.7% during the 3rd quarter. Barclays PLC now owns 5,025 shares of the company’s stock valued at $28,000 after buying an additional 2,674 shares during the last quarter. Millennium Management LLC raised its holdings in Envela by 4.2% in the fourth quarter. Millennium Management LLC now owns 55,907 shares of the company’s stock valued at $401,000 after acquiring an additional 2,253 shares in the last quarter. Jane Street Group LLC boosted its stake in Envela by 72.8% during the 4th quarter. Jane Street Group LLC now owns 30,343 shares of the company’s stock valued at $218,000 after acquiring an additional 12,783 shares during the last quarter. Northern Trust Corp grew its holdings in Envela by 67.1% during the 4th quarter. Northern Trust Corp now owns 49,320 shares of the company’s stock worth $354,000 after acquiring an additional 19,799 shares in the last quarter. Finally, Mink Brook Asset Management LLC bought a new stake in shares of Envela in the 4th quarter worth about $8,205,000. 8.15% of the stock is owned by hedge funds and other institutional investors.
About Envela
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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