Envela (ELA) to Release Quarterly Earnings on Wednesday

Envela (NYSEAMERICAN:ELA - Get Free Report) is projected to issue its quarterly earnings data before the market opens on Wednesday, May 7th. Analysts expect the company to announce earnings of $0.04 per share and revenue of $43.83 million for the quarter.

Envela Stock Performance

NYSEAMERICAN:ELA traded up $0.02 during mid-day trading on Monday, hitting $6.62. The stock had a trading volume of 18,344 shares, compared to its average volume of 17,985. Envela has a twelve month low of $4.20 and a twelve month high of $7.88. The firm has a market cap of $171.99 million, a PE ratio of 27.56 and a beta of 0.35. The stock has a 50 day simple moving average of $6.15. The company has a debt-to-equity ratio of 0.25, a quick ratio of 2.08 and a current ratio of 4.76.

Analyst Upgrades and Downgrades

Separately, Lake Street Capital raised their price objective on shares of Envela from $7.00 to $9.00 and gave the stock a "buy" rating in a research report on Thursday.

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.