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

Ellomay Capital Ltd. (NYSEAMERICAN:ELLO)’s stock price 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 $13.72. Ellomay Capital shares last traded at $13.00, with a volume of 9,380 shares trading hands.

Ellomay Capital Stock Performance

The company has a market capitalization of $167.56 million, a price-to-earnings ratio of -23.71 and a beta of 1.26. The company has a current ratio of 0.87, a quick ratio of 0.87 and a debt-to-equity ratio of 3.28.

Ellomay Capital (NYSEAMERICAN:ELLO) last issued its earnings results on Monday, September 30th. The utilities provider reported $0.03 EPS for the quarter. The firm had revenue of $12.07 million during the quarter. Ellomay Capital had a negative net margin of 11.10% and a negative return on equity of 2.32%.

Institutional Investors Weigh In On Ellomay Capital

An institutional investor recently raised its position in Ellomay Capital stock. Y.D. More Investments Ltd raised its position in Ellomay Capital Ltd. (NYSEAMERICAN:ELLO) by 1,688.1% in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund 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 approximately 0.16% of Ellomay Capital worth $244,000 as of its most recent filing with the Securities and Exchange Commission. Institutional investors own 27.54% of the company’s stock.

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.