Envela (NYSEAMERICAN:ELA) Stock Passes Above 200-Day Moving Average of $0.00

Envela Co. (NYSEAMERICAN:ELAGet Rating) passed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of $0.00 and traded as high as $6.71. Envela shares last traded at $6.20, with a volume of 95,106 shares traded.

Separately, B. Riley lifted their price target on Envela from $10.00 to $11.00 in a research report on Thursday, May 12th.

The stock has a market cap of $166.94 million, a price-to-earnings ratio of 15.50 and a beta of 0.13. The company has a debt-to-equity ratio of 0.52, a current ratio of 4.33 and a quick ratio of 2.54.

Envela (NYSEAMERICAN:ELAGet Rating) last announced its quarterly earnings results on Wednesday, May 11th. The company reported $0.10 earnings per share for the quarter, beating analysts’ consensus estimates of $0.05 by $0.05. Envela had a return on equity of 40.89% and a net margin of 6.56%. The firm had revenue of $47.42 million for the quarter, compared to analysts’ expectations of $31.54 million. As a group, equities analysts expect that Envela Co. will post 0.42 EPS for the current fiscal year.

Institutional investors have recently bought and sold shares of the business. BlackRock Inc. boosted its stake in Envela by 614.5% in the third quarter. BlackRock Inc. now owns 18,777 shares of the company’s stock worth $78,000 after purchasing an additional 16,149 shares in the last quarter. Adamsbrown Wealth Consultants LLC acquired a new position in shares of Envela during the fourth quarter valued at $130,000. Anchor Capital Advisors LLC lifted its stake in shares of Envela by 87.2% during the first quarter. Anchor Capital Advisors LLC now owns 69,165 shares of the company’s stock valued at $322,000 after acquiring an additional 32,225 shares during the period. Leo Brokerage LLC acquired a new position in shares of Envela during the first quarter valued at $388,000. Finally, Crown Advisors Management Inc. lifted its stake in shares of Envela by 20.0% during the first quarter. Crown Advisors Management Inc. now owns 240,000 shares of the company’s stock valued at $1,118,000 after acquiring an additional 40,000 shares during the period. 5.16% of the stock is currently owned by institutional investors.

Envela Company Profile (NYSEAMERICAN:ELA)

Envela Corporation, together with its subsidiaries, primarily buys and sells jewelry and bullion products to individual consumers, dealers, Fortune 500 companies, municipalities, school districts, and other organizations in the United States. It offers jewelry and fine-watch products, including bridal jewelry, fashion jewelry, custom-made jewelry, diamonds, and other gemstones, as well as watches and jewelry components.

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