Ellomay Capital (NYSEAMERICAN:ELLO) Share Price Passes Above Fifty Day Moving Average – Time to Sell?

Ellomay Capital Ltd. (NYSEAMERICAN:ELLO) passed above its fifty day moving average during trading on Friday . The stock has a fifty day moving average of $20.23 and traded as high as $20.45. Ellomay Capital shares last traded at $19.60, with a volume of 3,895 shares trading hands.

Ellomay Capital Price Performance

The company has a debt-to-equity ratio of 3.62, a current ratio of 1.40 and a quick ratio of 1.40. The stock’s 50 day simple moving average is $20.23 and its two-hundred day simple moving average is $23.73. The stock has a market cap of $270.09 million, a price-to-earnings ratio of -11.40 and a beta of 0.98.

Ellomay Capital (NYSEAMERICAN:ELLO) last announced its quarterly earnings data on Saturday, May 16th. The utilities provider reported ($0.88) earnings per share (EPS) for the quarter. The business had revenue of $10.03 million during the quarter. Ellomay Capital had a negative net margin of 45.04% and a negative return on equity of 12.39%.

Institutional Inflows and Outflows

A hedge fund recently raised its position in Ellomay Capital stock. JPMorgan Chase & Co. raised its stake in shares of Ellomay Capital Ltd. (NYSEAMERICAN:ELLO) by 39.6% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 3,601 shares of the utilities provider’s stock after purchasing an additional 1,021 shares during the quarter. JPMorgan Chase & Co.’s holdings in Ellomay Capital were worth $65,000 as of its most recent filing with the Securities and Exchange Commission. 27.54% of the stock is owned by institutional investors.

About Ellomay Capital

Ellomay Capital Ltd. is an Israel-based investment company specializing in the acquisition, financing, development and operation of renewable energy and related infrastructure assets. Founded in 2014 and traded on the NYSE American under the ticker ELLO, Ellomay focuses on building a diversified portfolio of solar photovoltaic (PV) projects and specialty infrastructure businesses that generate stable, long-term cash flows under government-backed tariffs and concession agreements.

The company’s core activities center on ground-mounted solar PV installations in Italy, where its operating portfolio comprises multiple medium-sized projects secured under feed-in-tariff regimes.