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

Shares of Envela Co. (NYSEAMERICAN:ELAGet Rating) crossed above its two hundred day moving average during trading on Tuesday . The stock has a two hundred day moving average of $0.00 and traded as high as $6.90. Envela shares last traded at $6.71, with a volume of 48,258 shares changing hands.

Envela Trading Down 1.6 %

The stock has a market cap of $180.67 million, a P/E ratio of 14.59 and a beta of -0.16. The company has a debt-to-equity ratio of 0.45, a quick ratio of 2.27 and a current ratio of 4.03.

Institutional Trading of Envela

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Bailard Inc. acquired a new stake in shares of Envela in the second quarter valued at about $71,000. State Street Corp grew its position in shares of Envela by 44.1% in the second quarter. State Street Corp now owns 17,584 shares of the company’s stock valued at $125,000 after purchasing an additional 5,384 shares during the period. Adamsbrown Wealth Consultants LLC acquired a new stake in shares of Envela in the fourth quarter valued at about $130,000. Anchor Capital Advisors LLC grew its position in shares of Envela by 87.2% in the first quarter. Anchor Capital Advisors LLC now owns 69,165 shares of the company’s stock valued at $322,000 after purchasing an additional 32,225 shares during the period. Finally, Leo Brokerage LLC acquired a new stake in shares of Envela in the first quarter valued at about $388,000. Institutional investors and hedge funds own 5.41% of the company’s stock.

Envela Company Profile

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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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