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

Envela Co. (NYSEAMERICAN:ELAGet Rating) crossed above its two hundred day moving average during trading on Friday . The stock has a two hundred day moving average of $0.00 and traded as high as $6.06. Envela shares last traded at $6.04, with a volume of 28,711 shares changing hands.

Envela Trading Up 6.5 %

The company has a debt-to-equity ratio of 0.40, a quick ratio of 2.59 and a current ratio of 4.38. The stock has a market cap of $162.66 million, a PE ratio of 13.13 and a beta of 0.08.

Envela (NYSEAMERICAN:ELAGet Rating) last announced its earnings results on Wednesday, November 2nd. The company reported $0.12 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.09 by $0.03. The company had revenue of $45.20 million during the quarter, compared to analyst estimates of $43.02 million. Envela had a net margin of 7.02% and a return on equity of 38.91%. On average, equities analysts predict that Envela Co. will post 0.49 EPS for the current fiscal year.

Hedge Funds Weigh In On Envela

A number of hedge funds have recently modified their holdings of ELA. Vanguard Group Inc. increased its holdings in shares of Envela by 11.5% in the third quarter. Vanguard Group Inc. now owns 258,788 shares of the company’s stock worth $1,309,000 after purchasing an additional 26,593 shares during the last quarter. Marshall Wace LLP increased its stake in Envela by 300.5% during the third quarter. Marshall Wace LLP now owns 74,945 shares of the company’s stock worth $379,000 after acquiring an additional 56,230 shares during the last quarter. Jane Street Group LLC bought a new stake in Envela during the third quarter worth approximately $164,000. Dimensional Fund Advisors LP increased its stake in Envela by 82.8% during the third quarter. Dimensional Fund Advisors LP now owns 26,931 shares of the company’s stock worth $136,000 after acquiring an additional 12,200 shares during the last quarter. Finally, State Street Corp increased its stake in Envela by 42.1% during the third quarter. State Street Corp now owns 24,984 shares of the company’s stock worth $126,000 after acquiring an additional 7,400 shares during the last quarter.

Envela Company Profile

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Envela Corporation, together with its subsidiaries, primarily buys and sells jewelry and bullion products to individual consumers, dealers, Fortune 500 companies, municipalities, school districts, and other organizations in the United States. It offers jewelry and fine-watch products, including bridal jewelry, fashion jewelry, custom-made jewelry, diamonds, and other gemstones, as well as watches and jewelry components.

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