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

Envela Co. (NYSEAMERICAN:ELA) 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 $4.42. Envela shares last traded at $4.28, with a volume of 35,737 shares traded.

Envela Stock Down 0.9 %

The company has a market capitalization of $112.78 million, a price-to-earnings ratio of 16.46 and a beta of 0.09. The company has a current ratio of 5.55, a quick ratio of 2.97 and a debt-to-equity ratio of 0.28.

Envela (NYSEAMERICAN:ELA) last posted its quarterly earnings data 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). The company had revenue of $36.70 million for the quarter, compared to analysts’ expectations of $41.72 million. Envela had a net margin of 4.16% and a return on equity of 15.11%. Research analysts forecast that Envela Co. will post 0.14 EPS for the current fiscal year.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently made changes to their positions in the business. State Street Corp lifted its position in shares of Envela by 44.1% during the 2nd quarter. State Street Corp now owns 17,584 shares of the company’s stock worth $125,000 after buying an additional 5,384 shares during the last quarter. Tower Research Capital LLC TRC grew its stake in shares of Envela by 1,077.6% during the 3rd quarter. Tower Research Capital LLC TRC now owns 6,512 shares of the company’s stock worth $33,000 after purchasing an additional 5,959 shares during the period. Dimensional Fund Advisors LP boosted its position in shares of Envela by 82.8% in 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 in the last quarter. Renaissance Technologies LLC boosted its position in shares of Envela by 52.3% in the 3rd quarter. Renaissance Technologies LLC now owns 321,304 shares of the company’s stock worth $1,626,000 after buying an additional 110,400 shares in the last quarter. Finally, Cubist Systematic Strategies LLC purchased a new stake in shares of Envela in the 3rd quarter worth about $66,000. Hedge funds and other 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.