Shares of Envela Corporation (NYSEAMERICAN:ELA - Get Free Report) crossed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of $0.00 and traded as high as $5.97. Envela shares last traded at $5.85, with a volume of 99,160 shares traded.
Analyst Ratings Changes
Separately, Lake Street Capital upped their target price on Envela from $7.00 to $9.00 and gave the stock a "buy" rating in a report on Thursday, May 8th.
Get Our Latest Research Report on ELA
Envela Trading Down 0.2%
The company has a fifty day moving average of $6.17. The company has a current ratio of 4.51, a quick ratio of 2.31 and a debt-to-equity ratio of 0.18. The stock has a market cap of $150.54 million, a PE ratio of 20.68 and a beta of 0.15.
Institutional Trading of Envela
A number of hedge funds have recently made changes to their positions in ELA. 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 worth $68,000 after purchasing an additional 10,004 shares in the last quarter. Goldman Sachs Group Inc. lifted its position in Envela by 82.4% in the 1st quarter. Goldman Sachs Group Inc. now owns 30,334 shares of the company's stock valued at $189,000 after acquiring an additional 13,699 shares in the last quarter. Jane Street Group LLC lifted its position in Envela by 12.1% in the 1st quarter. Jane Street Group LLC now owns 34,024 shares of the company's stock valued at $212,000 after acquiring an additional 3,681 shares in the last quarter. Ancora Advisors LLC bought a new position in Envela in the 4th quarter valued at approximately $244,000. Finally, Arrowstreet Capital Limited Partnership lifted its position in Envela by 217.3% in the 4th quarter. Arrowstreet Capital Limited Partnership now owns 38,839 shares of the company's stock valued at $279,000 after acquiring an additional 26,598 shares in the last quarter. 8.15% of the stock is owned by institutional investors.
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.
Further Reading
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