Envela Corporation (NYSEAMERICAN:ELA - Get Free Report) shares passed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of $0.00 and traded as high as $6.25. Envela shares last traded at $6.08, with a volume of 12,074 shares.
Wall Street Analyst Weigh In
Separately, Lake Street Capital lifted their target price on shares of Envela from $7.00 to $9.00 and gave the stock a "buy" rating in a research report on Thursday, May 8th.
Read Our Latest Report on Envela
Envela Stock Performance
The company has a quick ratio of 2.31, a current ratio of 4.51 and a debt-to-equity ratio of 0.18. The firm has a market cap of $156.78 million, a price-to-earnings ratio of 21.54 and a beta of 0.12. The stock's 50 day moving average is $6.09.
Institutional Investors Weigh In On Envela
Several hedge funds have recently modified their holdings of the stock. Millennium Management LLC grew its holdings in shares of Envela by 4.2% during 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. Jane Street Group LLC grew its stake in shares of Envela by 12.1% in the first quarter. Jane Street Group LLC now owns 34,024 shares of the company's stock worth $212,000 after purchasing an additional 3,681 shares in the last quarter. Adamsbrown Wealth Consultants LLC bought a new stake in Envela in the second quarter worth about $61,000. NewEdge Advisors LLC boosted its position in shares of Envela by 1,015.6% in the 1st quarter. NewEdge Advisors LLC now owns 10,989 shares of the company's stock valued at $68,000 after purchasing an additional 10,004 shares during the period. Finally, Ancora Advisors LLC boosted its position in Envela by 32.1% during the 1st quarter. Ancora Advisors LLC now owns 44,923 shares of the company's stock worth $280,000 after acquiring an additional 10,923 shares during the period. 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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