Envela (NYSEAMERICAN:ELA) Shares Cross Above Two Hundred Day Moving Average of $0.00

Envela Co. (NYSEAMERICAN:ELAGet Rating) shares 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 $6.84. Envela shares last traded at $6.81, with a volume of 23,576 shares.

Envela Price Performance

The company has a debt-to-equity ratio of 0.31, a quick ratio of 3.42 and a current ratio of 5.39.

Envela (NYSEAMERICAN:ELAGet Rating) last announced its quarterly earnings data on Thursday, March 16th. The company reported $0.22 earnings per share for the quarter, beating the consensus estimate of $0.13 by $0.09. The business had revenue of $47.43 million during the quarter, compared to analyst estimates of $49.08 million. Envela had a return on equity of 38.74% and a net margin of 8.48%. Research analysts predict that Envela Co. will post 0.32 earnings per share for the current fiscal year.

Institutional Trading of Envela

Large investors have recently added to or reduced their stakes in the business. Crown Advisors Management Inc. increased its stake in Envela by 16.7% in the 1st quarter. Crown Advisors Management Inc. now owns 350,000 shares of the company’s stock worth $2,275,000 after purchasing an additional 50,000 shares in the last quarter. Renaissance Technologies LLC raised its holdings in shares of Envela by 52.3% during the third quarter. Renaissance Technologies LLC now owns 321,304 shares of the company’s stock valued at $1,626,000 after acquiring an additional 110,400 shares during the period. Vanguard Group Inc. lifted its position in shares of Envela by 11.5% in the 3rd quarter. Vanguard Group Inc. now owns 258,788 shares of the company’s stock valued at $1,309,000 after acquiring an additional 26,593 shares in the last quarter. Heartland Advisors Inc. acquired a new position in Envela in the 4th quarter worth approximately $1,029,000. Finally, Jane Street Group LLC purchased a new position in Envela during the 1st quarter worth approximately $588,000.

About Envela

(Get Rating)

Envela Corp. buys and sells all kinds of jewelries including diamonds, fine watches, rare coins and currency, precious metal bullion products, scrap gold, silver, platinum, palladium, collectibles, and other valuables. The firm operates through the following segments: DGSE and ECHG. It offers its products through retail and wholesale stores, and e-commerce sites.

Further Reading

Receive News & Ratings for Envela Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Envela and related companies with MarketBeat.com's FREE daily email newsletter.