Shares of Envela Co. (NYSEAMERICAN:ELA - Get Free Report) crossed above its two hundred day moving average during trading on Thursday . The stock has a two hundred day moving average of $0.00 and traded as high as $6.00. Envela shares last traded at $5.96, with a volume of 3,487 shares.
Analyst Upgrades and Downgrades
Separately, Lake Street Capital upped their target price on Envela from $7.00 to $9.00 and gave the company a "buy" rating in a research report on Thursday, May 8th.
Check Out Our Latest Research Report on Envela
Envela Price Performance
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 $150.02 million, a price-to-earnings ratio of 24.04 and a beta of 0.35. The business's fifty day simple moving average is $6.33.
Institutional Investors Weigh In On Envela
Several hedge funds and other institutional investors have recently made changes to their positions in the business. Mink Brook Asset Management LLC acquired a new position in shares of Envela in the fourth quarter valued at approximately $8,205,000. Topline Capital Management LLC acquired a new position in shares of Envela in the fourth quarter worth $5,418,000. 683 Capital Management LLC acquired a new position in shares of Envela in the fourth quarter worth $386,000. Ancora Advisors LLC acquired a new position in Envela in the fourth quarter valued at $244,000. Finally, Arrowstreet Capital Limited Partnership increased its stake in Envela by 217.3% in the fourth quarter. Arrowstreet Capital Limited Partnership now owns 38,839 shares of the company's stock valued at $279,000 after purchasing an additional 26,598 shares during the last quarter. Institutional investors and hedge funds own 8.15% of the company's stock.
About Envela
(
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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