Envela Co. (NYSEAMERICAN:ELA – Get Free Report) saw a large drop in short interest during the month of August. As of August 15th, there was short interest totalling 136,200 shares, a drop of 16.1% from the July 31st total of 162,300 shares. Based on an average daily volume of 39,000 shares, the short-interest ratio is presently 3.5 days. Approximately 2.0% of the shares of the stock are sold short.
Envela Trading Up 1.4 %
Shares of ELA traded up $0.07 during midday trading on Monday, hitting $4.91. The company’s stock had a trading volume of 12,400 shares, compared to its average volume of 35,345. Envela has a one year low of $3.02 and a one year high of $5.57. The company has a debt-to-equity ratio of 0.26, a quick ratio of 2.72 and a current ratio of 5.88. The firm has a market cap of $128.00 million, a price-to-earnings ratio of 20.46 and a beta of 0.15.
Envela (NYSEAMERICAN:ELA – Get Free Report) last issued its quarterly earnings results on Wednesday, August 7th. The company reported $0.06 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.04 by $0.02. Envela had a return on equity of 13.27% and a net margin of 4.10%. The company had revenue of $45.30 million for the quarter, compared to analyst estimates of $36.02 million. Equities analysts anticipate that Envela will post 0.21 EPS for the current fiscal year.
Institutional Investors Weigh In On Envela
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.
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