Envela (NYSEAMERICAN:ELA) Stock Passes Above Two Hundred Day Moving Average of $0.00

Envela Co. (NYSEAMERICAN:ELA – Get Rating) shares crossed 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 $6.84. Envela shares last traded at $6.81, with a volume of 23,576 shares trading hands.

Envela Stock Up 2.3 %

The company has a debt-to-equity ratio of 0.31, a quick ratio of 3.42 and a current ratio of 5.39.

Envela (NYSEAMERICAN:ELA – Get Rating) last announced its quarterly earnings results on Thursday, March 16th. The company reported $0.22 EPS for the quarter, beating the consensus estimate of $0.13 by $0.09. The business had revenue of $47.43 million during the quarter, compared to analysts’ expectations of $49.08 million. Envela had a return on equity of 38.74% and a net margin of 8.48%. As a group, research analysts anticipate that Envela Co. will post 0.32 EPS for the current year.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently modified their holdings of the business. State Street Corp raised its stake in shares of Envela by 44.1% in the 2nd quarter. State Street Corp now owns 17,584 shares of the company’s stock valued at $125,000 after acquiring an additional 5,384 shares in the last quarter. Virtu Financial LLC bought a new position in shares of Envela in the third quarter valued at approximately $55,000. Tower Research Capital LLC TRC lifted its stake in shares of Envela by 1,077.6% in the third quarter. Tower Research Capital LLC TRC now owns 6,512 shares of the company’s stock worth $33,000 after buying an additional 5,959 shares during the last quarter. Dimensional Fund Advisors LP boosted its holdings in shares of Envela by 82.8% during the 3rd quarter. Dimensional Fund Advisors LP now owns 26,931 shares of the company’s stock worth $136,000 after buying an additional 12,200 shares during the period. Finally, Renaissance Technologies LLC grew its stake in Envela by 52.3% in the 3rd quarter. Renaissance Technologies LLC now owns 321,304 shares of the company’s stock valued at $1,626,000 after buying an additional 110,400 shares during the last quarter.

About Envela

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Envela Corp. buys and sells all kinds of jewelries including diamonds, fine watches, rare coins and currency, precious metal bullion products, scrap gold, silver, platinum, palladium, collectibles, and other valuables. The firm operates through the following segments: DGSE and ECHG. It offers its products through retail and wholesale stores, and e-commerce sites.