Ellomay Capital (NYSEAMERICAN:ELLO) Shares Cross Below 200-Day Moving Average – What’s Next?

Shares of Ellomay Capital Ltd. (NYSEAMERICAN:ELLO) passed below its 200-day moving average during trading on Monday . The stock has a 200-day moving average of $24.35 and traded as low as $18.00. Ellomay Capital shares last traded at $18.80, with a volume of 1,042 shares trading hands.

Ellomay Capital Stock Performance

The company has a debt-to-equity ratio of 3.62, a current ratio of 1.40 and a quick ratio of 1.40. The company has a market capitalization of $259.06 million, a PE ratio of -10.93 and a beta of 0.98. The firm’s fifty day simple moving average is $21.46 and its 200 day simple moving average is $24.35.

Ellomay Capital (NYSEAMERICAN:ELLO) last released its quarterly earnings data on Saturday, May 16th. The utilities provider reported ($0.88) EPS for the quarter. The company had revenue of $10.03 million during the quarter. Ellomay Capital had a negative return on equity of 12.39% and a negative net margin of 45.04%.

Institutional Investors Weigh In On Ellomay Capital

A hedge fund recently raised its position in Ellomay Capital stock. JPMorgan Chase & Co. increased its position in shares of Ellomay Capital Ltd. (NYSEAMERICAN:ELLO) by 39.6% in the 3rd quarter, according to its most recent disclosure with the SEC. The institutional investor owned 3,601 shares of the utilities provider’s stock after purchasing an additional 1,021 shares during the quarter. JPMorgan Chase & Co.’s holdings in Ellomay Capital were worth $65,000 as of its most recent filing with the SEC. Institutional investors own 27.54% of the company’s stock.

Ellomay Capital Company Profile

Ellomay Capital Ltd. is an Israel-based investment company specializing in the acquisition, financing, development and operation of renewable energy and related infrastructure assets. Founded in 2014 and traded on the NYSE American under the ticker ELLO, Ellomay focuses on building a diversified portfolio of solar photovoltaic (PV) projects and specialty infrastructure businesses that generate stable, long-term cash flows under government-backed tariffs and concession agreements.

The company’s core activities center on ground-mounted solar PV installations in Italy, where its operating portfolio comprises multiple medium-sized projects secured under feed-in-tariff regimes.