Envela (NYSEAMERICAN:ELA) Share Price Passes Above Two Hundred Day Moving Average – Here’s What Happened

Envela Co. (NYSEAMERICAN:ELA) 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 $6.50. Envela shares last traded at $6.42, with a volume of 19,977 shares.

Envela Trading Up 1.4 %

The stock has a market cap of $169.26 million, a P/E ratio of 27.13 and a beta of 0.35. The company has a debt-to-equity ratio of 0.25, a quick ratio of 2.08 and a current ratio of 4.76.

Institutional Trading of Envela

A number of hedge funds and other institutional investors have recently modified their holdings of ELA. Mink Brook Asset Management LLC purchased a new stake in Envela in the fourth quarter valued at approximately $8,205,000. Millennium Management LLC raised its holdings in shares of Envela by 4.2% in the 4th quarter. Millennium Management LLC now owns 55,907 shares of the company’s stock valued at $401,000 after buying an additional 2,253 shares during the period. Ancora Advisors LLC purchased a new stake in shares of Envela in the 4th quarter valued at $244,000. 683 Capital Management LLC purchased a new position in Envela during the 4th quarter valued at about $386,000. Finally, Jane Street Group LLC grew its position in Envela by 72.8% in the 4th 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 in the last quarter. 8.15% of the stock is owned by institutional investors and hedge funds.

Envela Company Profile

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.