Envela (NYSEAMERICAN:ELA) Stock Passes Above 200-Day Moving Average – Should You Sell?

Envela Co. (NYSEAMERICAN:ELA) passed above its 200-day moving average during trading on Wednesday . The stock has a 200-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.

Envela Stock Down 1.7 %

The firm has a market capitalization of $139.10 million, a price-to-earnings ratio of 22.29 and a beta of 0.35. The company has a quick ratio of 2.08, a current ratio of 4.76 and a debt-to-equity ratio of 0.25.

Hedge Funds Weigh In On Envela

Large investors have recently bought and sold shares of the business. Barclays PLC increased its stake in Envela by 113.7% during the 3rd quarter. Barclays PLC now owns 5,025 shares of the company’s stock worth $28,000 after buying an additional 2,674 shares in the last quarter. Arrowstreet Capital Limited Partnership increased its stake in Envela by 217.3% during the 4th quarter. Arrowstreet Capital Limited Partnership now owns 38,839 shares of the company’s stock worth $279,000 after buying an additional 26,598 shares in the last quarter. Topline Capital Management LLC purchased a new stake in Envela during the 4th quarter worth approximately $5,418,000. Northern Trust Corp increased 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 in the last quarter. Finally, Jane Street Group LLC increased its stake in Envela by 72.8% during the 4th quarter. Jane Street Group LLC now owns 30,343 shares of the company’s stock worth $218,000 after buying an additional 12,783 shares in the last quarter. Institutional investors and hedge funds own 8.15% of the company’s stock.

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.