Envela Co. (NYSEAMERICAN:ELA - Get Free Report)'s share price crossed above its two hundred day moving average during trading on Wednesday . The stock has a two hundred day moving average of $0.00 and traded as high as $6.81. Envela shares last traded at $6.50, with a volume of 24,716 shares traded.
Analysts Set New Price Targets
Separately, Lake Street Capital upped their price objective on 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 Analysis on ELA
Envela Stock Down 0.9%
The firm has a market capitalization of $161.07 million, a PE ratio of 25.81 and a beta of 0.35. The stock's fifty day simple moving average is $6.32. The company has a current ratio of 4.76, a quick ratio of 2.08 and a debt-to-equity ratio of 0.25.
Hedge Funds Weigh In On Envela
Large investors have recently bought and sold shares of the business. Arrowstreet Capital Limited Partnership grew its holdings in shares of Envela by 217.3% during the fourth quarter. Arrowstreet Capital Limited Partnership now owns 38,839 shares of the company's stock worth $279,000 after purchasing an additional 26,598 shares during the last quarter. Mink Brook Asset Management LLC acquired a new stake in Envela in the fourth quarter valued at about $8,205,000. 683 Capital Management LLC acquired a new stake in shares of Envela during the 4th quarter valued at approximately $386,000. Topline Capital Management LLC acquired a new stake in shares of Envela during the 4th quarter valued at approximately $5,418,000. Finally, Ancora Advisors LLC acquired a new stake in shares of Envela during the 4th quarter valued at approximately $244,000. Hedge funds and other institutional investors own 8.15% of the company's stock.
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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