Shares of Envela Co. (NYSEAMERICAN:ELA - Get Free Report) passed above its two hundred day moving average during trading on Wednesday . The stock has a two hundred day moving average of $0.00 and traded as high as $6.14. Envela shares last traded at $6.00, with a volume of 14,879 shares.
Envela Stock Down 1.2 %
The company has a quick ratio of 2.08, a current ratio of 4.76 and a debt-to-equity ratio of 0.25. The company has a market capitalization of $154.18 million, a P/E ratio of 24.71 and a beta of 0.35.
Hedge Funds Weigh In On Envela
Institutional investors have recently added to or reduced their stakes in the company. Barclays PLC increased its holdings in shares of Envela by 113.7% during the third quarter. Barclays PLC now owns 5,025 shares of the company's stock valued at $28,000 after acquiring an additional 2,674 shares in the last quarter. Jane Street Group LLC increased its holdings in shares of Envela by 72.8% during the fourth quarter. Jane Street Group LLC now owns 30,343 shares of the company's stock valued at $218,000 after acquiring an additional 12,783 shares in the last quarter. Ancora Advisors LLC bought a new position in shares of Envela during the fourth quarter valued at $244,000. Arrowstreet Capital Limited Partnership increased its holdings in shares of Envela by 217.3% during the fourth quarter. Arrowstreet Capital Limited Partnership now owns 38,839 shares of the company's stock valued at $279,000 after acquiring an additional 26,598 shares in the last quarter. Finally, Northern Trust Corp increased its holdings in shares of Envela by 67.1% during the fourth quarter. Northern Trust Corp now owns 49,320 shares of the company's stock valued at $354,000 after acquiring an additional 19,799 shares in the last quarter. Institutional investors own 8.15% of the company's stock.
About Envela
(
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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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