Ellomay Capital (NYSEAMERICAN:ELLO) Shares Cross Below 50 Day Moving Average – Should You Sell?

Ellomay Capital Ltd. (NYSEAMERICAN:ELLO – Get Free Report) shares crossed below its fifty day moving average during trading on Thursday . The stock has a fifty day moving average of $20.60 and traded as low as $18.69. Ellomay Capital shares last traded at $19.00, with a volume of 6,132 shares traded.

Ellomay Capital Price Performance

The firm has a market capitalization of $261.82 million, a P/E ratio of -11.05 and a beta of 0.98. The business’s 50-day simple moving average is $20.60 and its 200 day simple moving average is $24.02. The company has a quick ratio of 1.40, a current ratio of 1.40 and a debt-to-equity ratio of 3.62.

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

Institutional Trading of Ellomay Capital

An institutional investor recently raised its position in Ellomay Capital stock. Yelin Lapidot Holdings Management Ltd. lifted its stake in Ellomay Capital Ltd. (NYSEAMERICAN:ELLO – Free Report) by 75.5% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 193,565 shares of the utilities provider’s stock after buying an additional 83,300 shares during the period. Ellomay Capital makes up approximately 0.9% of Yelin Lapidot Holdings Management Ltd.’s holdings, making the stock its 26th largest holding. Yelin Lapidot Holdings Management Ltd. owned about 1.40% of Ellomay Capital worth $4,704,000 as of its most recent SEC filing. Hedge funds and other institutional investors own 27.54% of the company’s stock.

Ellomay Capital Company Profile

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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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