Ellomay Capital (NYSEAMERICAN:ELLO) Share Price Passes Above 50-Day Moving Average – What’s Next?

Ellomay Capital Ltd. (NYSEAMERICAN:ELLO) shares passed above its 50-day moving average during trading on Friday . The stock has a 50-day moving average of $0.00 and traded as high as $15.16. Ellomay Capital shares last traded at $14.96, with a volume of 5,329 shares changing hands.

Ellomay Capital Stock Down 1.6 %

The stock has a market capitalization of $192.24 million, a P/E ratio of -27.20 and a beta of 1.25. 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 posted its quarterly earnings results on Monday, September 30th. The utilities provider reported $0.03 EPS for the quarter. Ellomay Capital had a negative net margin of 11.10% and a negative return on equity of 2.32%. The business had revenue of $12.07 million during the quarter.

Institutional Inflows and Outflows

A hedge fund recently raised its stake in Ellomay Capital stock. Y.D. More Investments Ltd raised its holdings in Ellomay Capital Ltd. (NYSEAMERICAN:ELLO) by 1,688.1% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 20,849 shares of the utilities provider’s stock after buying an additional 19,683 shares during the quarter. Y.D. More Investments Ltd owned 0.16% of Ellomay Capital worth $244,000 as of its most recent SEC filing. 27.54% of the stock is currently owned by hedge funds and other institutional investors.

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.