John Garrett DeLuca, CFO of Envela Corp (NYSE:ELA), recently purchased additional shares in the company. According to a filing with the Securities and Exchange Commission, DeLuca purchased 125 shares of Envela Corp at $7.48 per share, worth about $935. The stock is near a 52-week high of $7.41, and the company is showing impressive momentum thanks to a 62.5% gain over the past year. InvestingPro the data shows strong financial health with a current ratio of 4.76, indicating solid liquidity. Following this transaction, DeLuca now directly owns 2,271 shares. This deal reflects DeLuca’s continued investment in the Irving, Texas-based retail jewelry company. InvestingPro subscribers can access 10+ additional investment tips and detailed insider trading analysis for Envela Corp to make more informed investment decisions.
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