Envela Co. (NYSEAMERICAN:ELA – Get Free Report) passed 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 $5.47. Envela shares last traded at $5.41, with a volume of 21,820 shares trading hands.
Envela Stock Performance
The company has a quick ratio of 2.08, a current ratio of 4.76 and a debt-to-equity ratio of 0.25. The stock has a market cap of $140.66 million, a P/E ratio of 22.54 and a beta of 0.35.
Institutional Investors Weigh In On Envela
Several institutional investors and hedge funds have recently made changes to their positions in the business. Mink Brook Asset Management LLC bought a new stake in shares of Envela during the 4th quarter valued at about $8,205,000. Topline Capital Management LLC bought a new stake in shares of Envela during the 4th quarter valued at about $5,418,000. Millennium Management LLC raised its stake in Envela by 4.2% during the 4th quarter. Millennium Management LLC now owns 55,907 shares of the company’s stock worth $401,000 after buying an additional 2,253 shares during the period. 683 Capital Management LLC acquired a new position in Envela during the 4th quarter worth approximately $386,000. Finally, Northern Trust Corp raised its stake in Envela by 67.1% during the 4th quarter. Northern Trust Corp now owns 49,320 shares of the company’s stock worth $354,000 after buying an additional 19,799 shares during the period. Institutional investors 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.
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