Shares of Envela Co. (NYSEAMERICAN:ELA - Get Free Report) passed above its two hundred day moving average during trading on Tuesday . The stock has a two hundred day moving average of $0.00 and traded as high as $6.50. Envela shares last traded at $6.38, with a volume of 22,818 shares traded.
Wall Street Analyst Weigh In
Separately, Lake Street Capital raised their target price on Envela from $6.00 to $7.00 and gave the company a "buy" rating in a research note on Wednesday, November 6th.
Check Out Our Latest Stock Analysis on ELA
Envela Stock Performance
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 stock has a market capitalization of $164.58 million, a P/E ratio of 26.38 and a beta of 0.35.
Institutional Investors Weigh In On Envela
A number of hedge funds have recently modified their holdings of the stock. Mink Brook Asset Management LLC bought a new stake in shares of Envela in the 4th quarter worth approximately $8,205,000. Millennium Management LLC raised its holdings in shares of Envela by 4.2% in the 4th quarter. Millennium Management LLC now owns 55,907 shares of the company's stock worth $401,000 after purchasing an additional 2,253 shares during the period. Ancora Advisors LLC bought a new stake in shares of Envela in the 4th quarter worth approximately $244,000. 683 Capital Management LLC bought a new stake in shares of Envela in the 4th quarter worth approximately $386,000. Finally, Jane Street Group LLC raised its holdings in shares of Envela by 72.8% in the 4th quarter. Jane Street Group LLC now owns 30,343 shares of the company's stock worth $218,000 after purchasing an additional 12,783 shares during the period. Institutional investors own 8.15% of the company's stock.
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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