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

Envela Co. (NYSEAMERICAN:ELA) 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 $4.61. Envela shares last traded at $4.54, with a volume of 32,463 shares changing hands.

Envela Stock Up 1.1 %

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 cap of $119.63 million, a price-to-earnings ratio of 17.46 and a beta of 0.14.

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 the consensus estimate of $0.06 by ($0.01). The firm had revenue of $36.70 million for the quarter, compared to the consensus estimate of $41.72 million. Envela had a return on equity of 15.11% and a net margin of 4.16%. On average, equities analysts expect that Envela Co. will post 0.14 earnings per share for the current year.

Institutional Inflows and Outflows

Several large investors have recently added to or reduced their stakes in ELA. Leo Wealth LLC bought a new position in shares of Envela in the fourth quarter worth $406,000. O Shaughnessy Asset Management LLC increased its position in shares of Envela by 18.9% in the third quarter. O Shaughnessy Asset Management LLC now owns 30,492 shares of the company’s stock worth $145,000 after purchasing an additional 4,846 shares during the period. Heartland Advisors Inc. increased its position in shares of Envela by 66.4% in the third 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 during the period. Finally, Bank of New York Mellon Corp increased its position in shares of Envela by 19.7% in the third quarter. Bank of New York Mellon Corp now owns 17,462 shares of the company’s stock worth $83,000 after purchasing an additional 2,877 shares during the period. Institutional investors own 8.15% of the company’s stock.

About Envela

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.