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

Shares of Envela Co. (NYSEAMERICAN:ELA) crossed above its two hundred day moving average during trading on Thursday . The stock has a two hundred day moving average of $0.00 and traded as high as $4.56. Envela shares last traded at $4.53, with a volume of 27,988 shares.

Envela Stock Up 1.6 %

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 firm has a market capitalization of $119.37 million, a PE ratio of 17.42 and a beta of 0.09.

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

Institutional Trading of Envela

Several institutional investors have recently added to or reduced their stakes in ELA. Vanguard Group Inc. lifted its stake in shares of Envela by 1.5% in the 4th quarter. Vanguard Group Inc. now owns 449,387 shares of the company’s stock valued at $2,184,000 after acquiring an additional 6,517 shares during the last quarter. Heartland Advisors Inc. lifted its position in Envela by 66.4% in the third quarter. Heartland Advisors Inc. now owns 400,000 shares of the company’s stock valued at $1,896,000 after purchasing an additional 159,612 shares during the last quarter. Renaissance Technologies LLC boosted its stake 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 purchasing an additional 110,400 shares during the period. BlackRock Inc. grew its holdings in shares of Envela by 1,045.1% in the second quarter. BlackRock Inc. now owns 225,024 shares of the company’s stock worth $1,656,000 after purchasing an additional 205,373 shares during the last quarter. Finally, Geode Capital Management LLC increased its stake in shares of Envela by 107.9% in the second quarter. Geode Capital Management LLC now owns 139,715 shares of the company’s stock worth $1,028,000 after buying an additional 72,512 shares during the period. 8.15% of the stock is currently owned by hedge funds and other institutional investors.

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.