Ellomay Capital (NYSEAMERICAN:ELLO) Share Price Passes Above Fifty Day Moving Average – Time to Sell?

Ellomay Capital Ltd. (NYSEAMERICAN:ELLO)’s share price crossed above its 50 day moving average during trading on Friday . The stock has a 50 day moving average of $20.23 and traded as high as $20.45. Ellomay Capital shares last traded at $19.60, with a volume of 3,895 shares traded.

Ellomay Capital Trading Down 1.0%

The company has a 50 day moving average of $20.23 and a 200 day moving average of $23.73. The firm has a market cap of $270.09 million, a price-to-earnings ratio of -11.40 and a beta of 0.98. The company has a current ratio of 1.40, a quick ratio of 1.40 and a debt-to-equity ratio of 3.62.

Ellomay Capital (NYSEAMERICAN:ELLO) last released its quarterly earnings data on Saturday, May 16th. The utilities provider reported ($0.88) earnings per share (EPS) for the quarter. The company had revenue of $10.03 million for 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 stake in Ellomay Capital stock. JPMorgan Chase & Co. boosted its position in shares of Ellomay Capital Ltd. (NYSEAMERICAN:ELLO) by 39.6% in the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 3,601 shares of the utilities provider’s stock after purchasing an additional 1,021 shares during the period. JPMorgan Chase & Co.’s holdings in Ellomay Capital were worth $65,000 at the end of the most recent quarter. 27.54% of the stock is currently owned by hedge funds and other institutional investors.

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.