Envela Co. (NYSEAMERICAN:ELA - Get Free Report)'s stock price passed 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 $7.05. Envela shares last traded at $6.77, with a volume of 14,620 shares changing hands.
Analyst Ratings Changes
Separately, Lake Street Capital lifted their price objective on shares of Envela from $6.00 to $7.00 and gave the company a "buy" rating in a research report on Wednesday, November 6th.
Read Our Latest Stock Analysis on Envela
Envela Price Performance
The stock has a market cap of $175.24 million, a price-to-earnings ratio of 28.08 and a beta of 0.35. The company has a current ratio of 4.76, a quick ratio of 2.08 and a debt-to-equity ratio of 0.25.
Institutional Trading of Envela
A number of hedge funds and other institutional investors have recently made changes to their positions in ELA. Topline Capital Management LLC bought a new stake in shares of Envela during the 4th quarter worth about $5,418,000. US Bancorp DE bought a new stake in shares of Envela during the 3rd quarter worth about $339,000. Arrowstreet Capital Limited Partnership raised its position in shares of 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 in the last quarter. Northern Trust Corp raised its position in shares of 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 in the last quarter. Finally, Jane Street Group LLC raised its position in shares of Envela by 72.8% during the 4th quarter. Jane Street Group LLC now owns 30,343 shares of the company's stock worth $218,000 after buying an additional 12,783 shares in the last quarter. 8.15% of the stock is currently owned by institutional investors.
Envela Company Profile
(
Get Free Report)
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.
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