Envela (NYSEAMERICAN:ELA) Issues Quarterly Earnings Results

Envela (NYSEAMERICAN:ELA) issued its earnings results on Wednesday. The company reported $0.06 EPS for the quarter, beating the consensus estimate of $0.04 by $0.02, Zacks reports. Envela had a return on equity of 13.55% and a net margin of 4.00%. The business had revenue of $45.30 million for the quarter, compared to the consensus estimate of $36.02 million.

Envela Stock Performance

Shares of ELA stock traded up $0.19 on Friday, reaching $4.96. The stock had a trading volume of 14,834 shares, compared to its average volume of 37,081. The company has a market cap of $130.35 million, a P/E ratio of 20.67 and a beta of 0.15. Envela has a 1 year low of $3.02 and a 1 year high of $6.09. The company has a debt-to-equity ratio of 0.27, a current ratio of 5.04 and a quick ratio of 2.52.

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.