Ellomay Capital (NYSEAMERICAN:ELLO) Stock Passes Above 50 Day Moving Average – Here’s Why

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 $15.16. Ellomay Capital shares last traded at $14.96, with a volume of 5,329 shares traded.

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 stock has a market cap of $192.24 million, a PE ratio of -27.20 and a beta of 1.25.

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

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 position in Ellomay Capital Ltd. (NYSEAMERICAN:ELLO) by 1,688.1% during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 20,849 shares of the utilities provider’s stock after purchasing an additional 19,683 shares during the quarter. Y.D. More Investments Ltd owned about 0.16% of Ellomay Capital worth $244,000 at the end of the most recent reporting period. 27.54% of the stock is owned by institutional investors and hedge funds.

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.