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

Ellomay Capital Ltd. (NYSEAMERICAN:ELLO) shares passed above its fifty day moving average during trading on Wednesday . The stock has a fifty day moving average of $0.00 and traded as high as $14.10. Ellomay Capital shares last traded at $13.96, with a volume of 2,247 shares changing hands.

Ellomay Capital Stock Performance

The company has a debt-to-equity ratio of 3.28, a quick ratio of 0.87 and a current ratio of 0.87. The company has a market cap of $182.47 million, a PE ratio of -25.64 and a beta of 1.23.

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

Institutional Investors Weigh In On Ellomay Capital

A hedge fund recently raised its stake in Ellomay Capital stock. Y.D. More Investments Ltd lifted its holdings in Ellomay Capital Ltd. (NYSEAMERICAN:ELLO) by 1,688.1% during the second quarter, according to its most recent Form 13F filing with the SEC. The firm owned 20,849 shares of the utilities provider’s stock after purchasing an additional 19,683 shares during the period. Y.D. More Investments Ltd owned 0.16% of Ellomay Capital worth $244,000 as of its most recent filing with the SEC. 27.54% of the stock is 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.