Envela Co. (NYSEAMERICAN:ELA - Get Free Report) crossed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of $0.00 and traded as high as $6.50. Envela shares last traded at $6.42, with a volume of 19,977 shares traded.
Envela Stock Down 4.3 %
The company has a market cap of $161.98 million, a price-to-earnings ratio of 25.96 and a beta of 0.35. The company has a debt-to-equity ratio of 0.25, a quick ratio of 2.08 and a current ratio of 4.76.
Hedge Funds Weigh In On Envela
A number of institutional investors have recently made changes to their positions in ELA. Barclays PLC lifted its position in shares of Envela by 113.7% during the third quarter. Barclays PLC now owns 5,025 shares of the company's stock worth $28,000 after purchasing an additional 2,674 shares during the last quarter. Jane Street Group LLC raised its stake in 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 buying an additional 12,783 shares in the last quarter. Ancora Advisors LLC bought a new position in Envela during the 4th quarter worth approximately $244,000. Arrowstreet Capital Limited Partnership grew its position in shares of Envela by 217.3% in the 4th quarter. Arrowstreet Capital Limited Partnership now owns 38,839 shares of the company's stock worth $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% in the 4th 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 during the last quarter. 8.15% of the stock is owned by institutional investors and hedge funds.
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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