Envela Corporation (NYSEAMERICAN:ELA - Get Free Report) crossed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of $0.00 and traded as high as $6.02. Envela shares last traded at $5.62, with a volume of 25,184 shares changing hands.
Wall Street Analyst Weigh In
Separately, Lake Street Capital increased 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.
Get Our Latest Research Report on ELA
Envela Trading Down 0.7%
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 stock has a market cap of $153.66 million, a PE ratio of 21.11 and a beta of 0.14. The firm's 50-day moving average is $6.20.
Institutional Trading of Envela
Hedge funds and other institutional investors have recently bought and sold shares of the stock. NewEdge Advisors LLC raised its holdings in Envela by 1,015.6% during the 1st quarter. NewEdge Advisors LLC now owns 10,989 shares of the company's stock valued at $68,000 after buying an additional 10,004 shares during the period. Goldman Sachs Group Inc. raised its holdings in Envela by 82.4% during the 1st quarter. Goldman Sachs Group Inc. now owns 30,334 shares of the company's stock valued at $189,000 after buying an additional 13,699 shares during the period. Jane Street Group LLC raised its holdings in Envela by 12.1% during the 1st quarter. Jane Street Group LLC now owns 34,024 shares of the company's stock valued at $212,000 after buying an additional 3,681 shares during the period. Ancora Advisors LLC purchased a new stake in Envela during the 4th quarter valued at $244,000. Finally, Arrowstreet Capital Limited Partnership raised its holdings in Envela by 217.3% during the 4th quarter. Arrowstreet Capital Limited Partnership now owns 38,839 shares of the company's stock valued at $279,000 after buying an additional 26,598 shares during the period. Hedge funds and other institutional investors 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.
See Also
Before you consider Envela, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Envela wasn't on the list.
While Envela currently has a Buy rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Looking for the next FAANG stock before everyone has heard about it? Enter your email address to see which stocks MarketBeat analysts think might become the next trillion dollar tech company.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
