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

Envela Co. (NYSEAMERICAN:ELA) shares passed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of $0.00 and traded as high as $4.42. Envela shares last traded at $4.28, with a volume of 35,737 shares changing hands.

Envela Stock Performance

The company has a quick ratio of 2.97, a current ratio of 5.55 and a debt-to-equity ratio of 0.28. The company has a market capitalization of $112.78 million, a P/E ratio of 16.46 and a beta of 0.09.

Envela (NYSEAMERICAN:ELA) last posted its quarterly earnings data on Wednesday, March 20th. The company reported $0.05 earnings per share for the quarter, missing analysts’ consensus estimates of $0.06 by ($0.01). Envela had a return on equity of 15.11% and a net margin of 4.16%. The company had revenue of $36.70 million for the quarter, compared to analysts’ expectations of $41.72 million. Sell-side analysts predict that Envela Co. will post 0.14 EPS for the current fiscal year.

Hedge Funds Weigh In On Envela

Large investors have recently bought and sold shares of the business. Tower Research Capital LLC TRC grew its holdings in shares of Envela by 89.7% during the first quarter. Tower Research Capital LLC TRC now owns 3,979 shares of the company’s stock worth $26,000 after purchasing an additional 1,881 shares during the last quarter. JPMorgan Chase & Co. purchased a new position in shares of Envela during the second quarter worth about $44,000. Barclays PLC grew its holdings in shares of Envela by 482.8% during the fourth quarter. Barclays PLC now owns 10,706 shares of the company’s stock worth $52,000 after purchasing an additional 8,869 shares during the last quarter. Wolverine Trading LLC purchased a new position in shares of Envela during the fourth quarter worth about $66,000. Finally, Cubist Systematic Strategies LLC purchased a new position in shares of Envela during the third quarter worth about $66,000. Hedge funds and other institutional investors own 8.15% of the company’s stock.

Envela Company Profile

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.