Ellomay Capital (NYSEAMERICAN:ELLO) Shares Pass Above 50 Day Moving Average – What’s Next?

Ellomay Capital Ltd. (NYSEAMERICAN:ELLO) shares crossed above its fifty day moving average during trading on Wednesday . The stock has a fifty day moving average of $17.39 and traded as high as $17.61. Ellomay Capital shares last traded at $17.50, with a volume of 1,200 shares traded.

Ellomay Capital Stock Performance

The business has a 50-day moving average price of $17.39. The company has a debt-to-equity ratio of 3.74, a current ratio of 0.99 and a quick ratio of 0.99.

Ellomay Capital (NYSEAMERICAN:ELLO) last announced its quarterly earnings results on Monday, June 30th. The utilities provider reported $0.62 earnings per share for the quarter. Ellomay Capital had a return on equity of 4.20% and a net margin of 14.39%.

Institutional Investors Weigh In On Ellomay Capital

A hedge fund recently raised its stake in Ellomay Capital stock. JPMorgan Chase & Co. increased its holdings in shares of Ellomay Capital Ltd. (NYSEAMERICAN:ELLO) by 161.6% during the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 3,728 shares of the utilities provider’s stock after acquiring an additional 2,303 shares during the period. JPMorgan Chase & Co.’s holdings in Ellomay Capital were worth $61,000 as of its most recent SEC filing. 27.54% of the stock is currently owned by hedge funds and other institutional investors.

About Ellomay Capital

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.