Envela (NYSEAMERICAN:ELA) Shares Cross Above 200 Day Moving Average of $0.00

Envela Co. (NYSEAMERICAN:ELA)’s stock price 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 $4.48. Envela shares last traded at $4.41, with a volume of 28,978 shares traded.

Envela Price Performance

The stock has a market cap of $116.20 million, a P/E ratio of 16.96 and a beta of 0.09. The company has a debt-to-equity ratio of 0.28, a quick ratio of 2.97 and a current ratio of 5.55.

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

Hedge Funds Weigh In On Envela

Large investors have recently modified their holdings of the business. Heartland Advisors Inc. raised its stake in shares of Envela by 66.4% during the 3rd quarter. Heartland Advisors Inc. now owns 400,000 shares of the company’s stock worth $1,896,000 after purchasing an additional 159,612 shares in the last quarter. Leo Wealth LLC bought a new position in shares of Envela in the fourth quarter valued at $406,000. O Shaughnessy Asset Management LLC increased its holdings in Envela by 18.9% during the third quarter. O Shaughnessy Asset Management LLC now owns 30,492 shares of the company’s stock worth $145,000 after buying an additional 4,846 shares during the last quarter. Finally, Bank of New York Mellon Corp raised its position in Envela by 19.7% during the third quarter. Bank of New York Mellon Corp now owns 17,462 shares of the company’s stock worth $83,000 after acquiring an additional 2,877 shares in the last quarter. 8.15% of the stock is currently owned by institutional investors and hedge funds.

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.