Envela (NYSEAMERICAN:ELA) Shares Pass Above 200-Day Moving Average of $0.00

Envela Co. (NYSEAMERICAN:ELA)’s share price crossed above its two hundred day moving average during trading on Friday . The stock has a two hundred day moving average of $0.00 and traded as high as $5.60. Envela shares last traded at $5.44, with a volume of 15,327 shares traded.

Envela Trading Down 2.9 %

The stock has a market capitalization of $141.82 million, a price-to-earnings ratio of 22.67 and a beta of 0.24. The company has a debt-to-equity ratio of 0.26, a quick ratio of 2.72 and a current ratio of 5.88.

Envela (NYSEAMERICAN:ELA) last released its earnings results on Wednesday, August 7th. The company reported $0.06 earnings per share for the quarter, topping analysts’ consensus estimates of $0.04 by $0.02. The firm had revenue of $45.30 million during the quarter, compared to analyst estimates of $36.02 million. Envela had a net margin of 4.10% and a return on equity of 13.27%. Equities analysts expect that Envela Co. will post 0.21 earnings per share for the current year.

Institutional Inflows and Outflows

A number of large investors have recently made changes to their positions in the stock. Vanguard Group Inc. increased its stake in Envela by 0.8% in the first quarter. Vanguard Group Inc. now owns 453,065 shares of the company’s stock valued at $2,093,000 after acquiring an additional 3,678 shares during the period. Leo Wealth LLC bought a new stake in Envela in the fourth quarter valued at about $406,000. Cubist Systematic Strategies LLC bought a new stake in Envela in the second quarter valued at about $42,000. Renaissance Technologies LLC increased its stake in Envela by 11.8% in the second quarter. Renaissance Technologies LLC now owns 195,428 shares of the company’s stock valued at $877,000 after acquiring an additional 20,624 shares during the period. Finally, Point72 Asia Singapore Pte. Ltd. bought a new stake in Envela in the second quarter valued at about $50,000. Institutional investors and hedge funds own 8.15% of the company’s stock.

About Envela

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.