Ellomay Capital (NYSEAMERICAN:ELLO) Stock Crosses Below Fifty Day Moving Average – What’s Next?

Ellomay Capital Ltd. (NYSEAMERICAN:ELLOGet Free Report)’s stock price crossed below its fifty day moving average during trading on Wednesday . The stock has a fifty day moving average of $23.10 and traded as low as $18.91. Ellomay Capital shares last traded at $19.16, with a volume of 17,099 shares changing hands.

Ellomay Capital Stock Performance

The company has a current ratio of 1.40, a quick ratio of 1.40 and a debt-to-equity ratio of 3.62. The firm has a market capitalization of $254.93 million, a PE ratio of -10.76 and a beta of 0.94. The firm’s fifty day moving average price is $22.86 and its 200 day moving average price is $24.62.

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

Hedge Funds Weigh In On Ellomay Capital

Several hedge funds and other institutional investors have recently added to or reduced their stakes in ELLO. Clal Insurance Enterprises Holdings Ltd increased its stake in shares of Ellomay Capital by 4.6% during the 3rd quarter. Clal Insurance Enterprises Holdings Ltd now owns 1,594,224 shares of the utilities provider’s stock worth $28,276,000 after purchasing an additional 70,180 shares during the last quarter. Menora Mivtachim Holdings LTD. bought a new stake in Ellomay Capital in the third quarter worth $17,019,000. Yelin Lapidot Holdings Management Ltd. boosted its holdings in Ellomay Capital by 75.5% in the fourth quarter. Yelin Lapidot Holdings Management Ltd. now owns 193,565 shares of the utilities provider’s stock worth $4,704,000 after purchasing an additional 83,300 shares in the last quarter. Finally, JPMorgan Chase & Co. increased its position in Ellomay Capital by 39.6% during the third quarter. JPMorgan Chase & Co. now owns 3,601 shares of the utilities provider’s stock worth $65,000 after buying an additional 1,021 shares during the last quarter. Institutional investors own 27.54% of the company’s stock.

Ellomay Capital Company Profile

(Get Free Report)

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.

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