Envela (NYSEAMERICAN:ELA) Share Price Passes Above Two Hundred Day Moving Average of $0.00

Envela Co. (NYSEAMERICAN:ELA) shares crossed above its two hundred day moving average during trading on Monday . The stock has a two hundred day moving average of $0.00 and traded as high as $5.03. Envela shares last traded at $4.92, with a volume of 20,363 shares changing hands.

Envela Stock Performance

The company has a quick ratio of 3.14, a current ratio of 5.59 and a debt-to-equity ratio of 0.30. The company has a market cap of $132.35 million, a PE ratio of 10.04 and a beta of 0.10.

Envela (NYSEAMERICAN:ELA) last released its quarterly earnings data on Wednesday, August 2nd. The company reported $0.06 earnings per share for the quarter, missing analysts’ consensus estimates of $0.08 by ($0.02). The company had revenue of $50.30 million for the quarter, compared to analyst estimates of $48.17 million. Envela had a net margin of 6.96% and a return on equity of 30.66%. On average, equities analysts anticipate that Envela Co. will post 0.29 EPS for the current fiscal year.

Institutional Inflows and Outflows

Institutional investors have recently bought and sold shares of the stock. Tower Research Capital LLC TRC raised its position in shares of Envela by 89.7% during the 1st quarter. Tower Research Capital LLC TRC now owns 3,979 shares of the company’s stock valued at $26,000 after acquiring an additional 1,881 shares during the last quarter. American International Group Inc. bought a new stake in shares of Envela during the 2nd quarter valued at $27,000. JPMorgan Chase & Co. bought a new stake in shares of Envela during the 2nd quarter valued at $44,000. Cubist Systematic Strategies LLC bought a new stake in shares of Envela during the 3rd quarter valued at $66,000. Finally, Prelude Capital Management LLC bought a new stake in shares of Envela in the 3rd quarter valued at $74,000. Institutional investors own 9.36% of the company’s stock.

About Envela

Envela Corporation, together with its subsidiaries, buys and sells jewelry and bullion products to individual consumers, dealers, and institutions in the United States. It offers jewelry and fine-watch products, including bridal jewelry, fashion jewelry, custom-made jewelry, diamonds, fine watches, and other products.