Ellomay Capital (NYSEAMERICAN:ELLO) Stock Price Passes Above 50-Day Moving Average – Should You Sell?

Ellomay Capital Ltd. (NYSEAMERICAN:ELLOGet Free Report)’s stock price passed above its 50-day moving average during trading on Tuesday . The stock has a 50-day moving average of $0.00 and traded as high as $16.20. Ellomay Capital shares last traded at $15.50, with a volume of 1,582 shares trading hands.

Ellomay Capital Trading Down 0.7 %

The company has a market capitalization of $199.18 million, a PE ratio of -32.29 and a beta of 1.20. The company has a current ratio of 0.87, a quick ratio of 0.87 and a debt-to-equity ratio of 3.24.

Institutional Trading of Ellomay Capital

A hedge fund recently raised its stake in Ellomay Capital stock. Clal Insurance Enterprises Holdings Ltd raised its stake in Ellomay Capital Ltd. (NYSEAMERICAN:ELLOFree Report) by 2.2% in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 1,603,265 shares of the utilities provider’s stock after buying an additional 34,596 shares during the period. Clal Insurance Enterprises Holdings Ltd owned approximately 12.48% of Ellomay Capital worth $18,357,000 at the end of the most recent reporting period. 27.54% of the stock is currently owned by institutional investors.

About Ellomay Capital

(Get Free Report)

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.

Further Reading

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