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

Ellomay Capital Ltd. (NYSEAMERICAN:ELLO)’s stock price crossed 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 $15.95. Ellomay Capital shares last traded at $15.59, with a volume of 4,116 shares trading hands.

Ellomay Capital Stock Down 1.3 %

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

Hedge Funds Weigh In On Ellomay Capital

An institutional investor recently raised its position in Ellomay Capital stock. Clal Insurance Enterprises Holdings Ltd raised its holdings in shares of Ellomay Capital Ltd. (NYSEAMERICAN:ELLO) by 2.2% during 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 purchasing an additional 34,596 shares during the period. Clal Insurance Enterprises Holdings Ltd owned 12.48% of Ellomay Capital worth $18,357,000 at the end of the most recent quarter. 27.54% of the stock is owned by 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.