Envela (NYSEAMERICAN:ELA) Shares Cross Above 200-Day Moving Average - Time to Sell?

Envela Co. (NYSEAMERICAN:ELA - Get Free Report) passed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of $0.00 and traded as high as $5.47. Envela shares last traded at $5.41, with a volume of 21,820 shares trading hands.

Envela Stock Down 1.7 %

The company has a current ratio of 4.76, a quick ratio of 2.08 and a debt-to-equity ratio of 0.25. The company has a market cap of $139.10 million, a PE ratio of 22.29 and a beta of 0.35.

Hedge Funds Weigh In On Envela

Several large investors have recently bought and sold shares of the stock. Barclays PLC grew its stake in shares of Envela by 113.7% in the 3rd quarter. Barclays PLC now owns 5,025 shares of the company's stock valued at $28,000 after purchasing an additional 2,674 shares during the last quarter. Jane Street Group LLC grew its position in Envela by 72.8% in the 4th quarter. Jane Street Group LLC now owns 30,343 shares of the company's stock valued at $218,000 after buying an additional 12,783 shares during the last quarter. Ancora Advisors LLC acquired a new position in Envela in the 4th quarter valued at $244,000. Arrowstreet Capital Limited Partnership raised its position in Envela by 217.3% during the 4th quarter. Arrowstreet Capital Limited Partnership now owns 38,839 shares of the company's stock worth $279,000 after buying an additional 26,598 shares during the last quarter. Finally, Northern Trust Corp raised its position in Envela by 67.1% during the 4th quarter. Northern Trust Corp now owns 49,320 shares of the company's stock worth $354,000 after buying an additional 19,799 shares during the last quarter. Institutional investors and hedge funds own 8.15% of the company's stock.

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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.