Envela (NYSEAMERICAN:ELA) Share Price Crosses Above 200-Day Moving Average of $0.00

Envela Co. (NYSEAMERICAN:ELAGet Free Report) 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 $4.50. Envela shares last traded at $4.43, with a volume of 41,106 shares changing hands.

Envela Stock Performance

The company has a market cap of $118.28 million, a PE ratio of 10.30 and a beta of 0.11. The company has a quick ratio of 2.90, a current ratio of 5.35 and a debt-to-equity ratio of 0.29.

Institutional Investors Weigh In On Envela

Several large investors have recently modified their holdings of the stock. Vanguard Group Inc. boosted its stake in shares of Envela by 1.5% during the 4th quarter. Vanguard Group Inc. now owns 449,387 shares of the company’s stock worth $2,184,000 after acquiring an additional 6,517 shares in the last quarter. Heartland Advisors Inc. boosted its stake in shares of Envela by 66.4% during the 3rd quarter. Heartland Advisors Inc. now owns 400,000 shares of the company’s stock worth $1,896,000 after acquiring an additional 159,612 shares in the last quarter. Renaissance Technologies LLC boosted its position in shares of Envela by 52.3% in the third quarter. Renaissance Technologies LLC now owns 321,304 shares of the company’s stock worth $1,626,000 after buying an additional 110,400 shares during the period. BlackRock Inc. boosted its position in shares of Envela by 1,045.1% in the second quarter. BlackRock Inc. now owns 225,024 shares of the company’s stock worth $1,656,000 after buying an additional 205,373 shares during the period. Finally, Geode Capital Management LLC boosted its position in shares of Envela by 107.9% in the second quarter. Geode Capital Management LLC now owns 139,715 shares of the company’s stock worth $1,028,000 after buying an additional 72,512 shares during the period. 9.36% of the stock is owned by institutional investors.

Envela Company Profile

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Envela Corporation, together with its subsidiaries, buys and sells jewelry and bullion products to individual consumers, dealers, and institutions in the United States. It offers jewelry and fine-watch products, including bridal jewelry, fashion jewelry, custom-made jewelry, diamonds, fine watches, and other products.

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