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ENVELA CORPORATION

(ELA)
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Envela Corporation Announces Board and Committee Changes

08/18/2021 | 05:16pm EST

On August 16, 2021, Joel S. Friedman, an independent member of the board of directors of Envela Corporation (the ‘Company’) and the Chairman of the Compensation Committee, resigned from the Board of Directors and agreed to become the Company’s Chief Information Officer (‘CIO’), effective immediately. Mr. Friedman did not advise the Company of any disagreement with the Company on any matter relating to its operations, policies, practices or otherwise. Mr. Friedman was also a member of the Audit and Compliance and Nominating Committees. The Company is currently searching for a replacement to fill the vacated independent position on the Board.


ę S&P Capital IQ 2021
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Analyst Recommendations on ENVELA CORPORATION
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Financials (USD)
Sales 2021 138 M - -
Net income 2021 9,85 M - -
Net Debt 2021 - - -
P/E ratio 2021 11,5x
Yield 2021 -
Capitalization 113 M 113 M -
Capi. / Sales 2021 0,82x
Capi. / Sales 2022 0,70x
Nbr of Employees 152
Free-Float 28,0%
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Technical analysis trends ENVELA CORPORATION
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Income Statement Evolution
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Mean consensus BUY
Number of Analysts 2
Last Close Price 4,19 $
Average target price 10,00 $
Spread / Average Target 139%
EPS Revisions
Managers and Directors
John R. Loftus Chairman, President & Chief Executive Officer
Bret A. Pedersen CFO & Principal Accounting Officer
Jim R. Ruth Independent Director
Alexandra C. Griffin Independent Director
Allison M. DeStefano Director