Ellomay Capital (NYSEAMERICAN:ELLO) Shares Pass Above 50-Day Moving Average – Here’s Why

Ellomay Capital Ltd. (NYSEAMERICAN:ELLO) shares crossed above its 50 day moving average during trading on Wednesday . The stock has a 50 day moving average of $0.00 and traded as high as $14.10. Ellomay Capital shares last traded at $13.96, with a volume of 2,247 shares trading hands.

Ellomay Capital Price Performance

The company has a market cap of $182.47 million, a P/E ratio of -25.64 and a beta of 1.23. The company has a debt-to-equity ratio of 3.28, a current ratio of 0.87 and a quick ratio of 0.87.

Ellomay Capital (NYSEAMERICAN:ELLO) last announced its quarterly earnings data on Monday, September 30th. The utilities provider reported $0.03 earnings per share (EPS) for the quarter. The company had revenue of $12.07 million during the quarter. Ellomay Capital had a negative net margin of 11.10% and a negative return on equity of 2.32%.

Hedge Funds Weigh In On Ellomay Capital

A hedge fund recently raised its stake in Ellomay Capital stock. Y.D. More Investments Ltd raised its stake in Ellomay Capital Ltd. (NYSEAMERICAN:ELLO) by 1,688.1% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 20,849 shares of the utilities provider’s stock after acquiring an additional 19,683 shares during the period. Y.D. More Investments Ltd owned about 0.16% of Ellomay Capital worth $244,000 as of its most recent SEC filing. Hedge funds and other institutional investors own 27.54% of the company’s stock.

Ellomay Capital Company Profile

Ellomay Capital Ltd., together with its subsidiaries, engages in the initiation, development, construction, and production of renewable and clean energy projects in Spain, the United States, Italy, the Netherlands, and Israel. The company owns photovoltaic (PV) plants comprising five PV plants in Spain with an aggregate installed capacity of approximately 35.9 megawatts (MW); and one PV plant with an installed capacity of 300 MW in the municipality of Talaván, Spain.