Envela (NYSEAMERICAN:ELA) Releases Quarterly Earnings Results, Beats Expectations By $0.03 EPS

Envela (NYSEAMERICAN:ELA) announced its quarterly earnings results on Tuesday. The company reported $0.06 EPS for the quarter, topping the consensus estimate of $0.03 by $0.03, Zacks reports. Envela had a net margin of 4.10% and a return on equity of 13.27%. The business had revenue of $46.90 million for the quarter, compared to analysts’ expectations of $39.85 million.

Envela Price Performance

Shares of NYSEAMERICAN:ELA traded up $0.28 during trading on Wednesday, hitting $5.64. The company had a trading volume of 12,067 shares, compared to its average volume of 30,081. The firm has a market capitalization of $147.03 million, a price-to-earnings ratio of 22.33 and a beta of 0.25. The company has a debt-to-equity ratio of 0.26, a current ratio of 5.88 and a quick ratio of 2.72. Envela has a one year low of $3.02 and a one year high of $5.80.

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.