Envela Corporation (NYSEAMERICAN:ELA - Get Free Report) shares 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 $6.00. Envela shares last traded at $5.64, with a volume of 24,114 shares trading hands.
Wall Street Analysts Forecast Growth
Separately, Lake Street Capital boosted their price target on shares of Envela from $7.00 to $9.00 and gave the company a "buy" rating in a report on Thursday, May 8th.
View Our Latest Research Report on Envela
Envela Stock Up 9.4%
The company has a debt-to-equity ratio of 0.17, a current ratio of 4.58 and a quick ratio of 2.36. The stock has a 50-day moving average price of $5.90. The firm has a market cap of $170.23 million, a PE ratio of 19.86 and a beta of 0.22.
Institutional Trading of Envela
Several institutional investors and hedge funds have recently bought and sold shares of the stock. Adamsbrown Wealth Consultants LLC acquired a new position in shares of Envela in the 2nd quarter valued at about $61,000. NewEdge Advisors LLC boosted its position in Envela by 1,015.6% during the first quarter. NewEdge Advisors LLC now owns 10,989 shares of the company's stock worth $68,000 after purchasing an additional 10,004 shares during the period. Leo Wealth LLC bought a new stake in Envela during the second quarter worth approximately $132,000. Goldman Sachs Group Inc. boosted its position in shares of Envela by 82.4% in the first 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 during the period. Finally, Jane Street Group LLC boosted its position in shares of Envela by 72.8% in the fourth quarter. Jane Street Group LLC now owns 30,343 shares of the company's stock valued at $218,000 after acquiring an additional 12,783 shares during the period. Institutional investors and hedge funds own 8.15% of the company's stock.
Envela Company Profile
(
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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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