Shares of Envela Co. (NYSEAMERICAN:ELA – Get Rating) crossed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of $0.00 and traded as high as $7.15. Envela shares last traded at $7.13, with a volume of 74,187 shares traded.
Separately, B. Riley raised their price objective on shares of Envela from $10.00 to $11.00 in a research report on Thursday, May 12th.
The company has a quick ratio of 2.54, a current ratio of 4.33 and a debt-to-equity ratio of 0.52. The company has a market cap of $189.82 million, a price-to-earnings ratio of 17.63 and a beta of 0.13.
Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. BlackRock Inc. raised its stake in Envela by 614.5% in the 3rd quarter. BlackRock Inc. now owns 18,777 shares of the company’s stock valued at $78,000 after acquiring an additional 16,149 shares during the period. Adamsbrown Wealth Consultants LLC bought a new stake in Envela in the 4th quarter valued at about $130,000. Anchor Capital Advisors LLC raised its stake in Envela by 87.2% in the 1st quarter. Anchor Capital Advisors LLC now owns 69,165 shares of the company’s stock valued at $322,000 after acquiring an additional 32,225 shares during the period. Leo Brokerage LLC bought a new stake in Envela in the 1st quarter valued at about $388,000. Finally, Crown Advisors Management Inc. raised its stake in Envela by 20.0% in the 1st quarter. Crown Advisors Management Inc. now owns 240,000 shares of the company’s stock valued at $1,118,000 after acquiring an additional 40,000 shares during the period. Institutional investors own 5.16% of the company’s stock.
About Envela (NYSEAMERICAN:ELA)
Envela Corporation, together with its subsidiaries, primarily buys and sells jewelry and bullion products to individual consumers, dealers, Fortune 500 companies, municipalities, school districts, and other organizations in the United States. It offers jewelry and fine-watch products, including bridal jewelry, fashion jewelry, custom-made jewelry, diamonds, and other gemstones, as well as watches and jewelry components.
- Get a free copy of the StockNews.com research report on Envela (ELA)
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