Ellomay Capital (NYSEAMERICAN:ELLO) Share Price Crosses Above 50-Day Moving Average – Should You Sell?

Ellomay Capital Ltd. (NYSEAMERICAN:ELLO) crossed above its fifty day moving average during trading on Monday . The stock has a fifty day moving average of $25.91 and traded as high as $29.91. Ellomay Capital shares last traded at $28.50, with a volume of 2,374 shares changing hands.

Ellomay Capital Stock Performance

The company has a current ratio of 1.18, a quick ratio of 1.18 and a debt-to-equity ratio of 3.04. The firm has a market capitalization of $392.73 million, a price-to-earnings ratio of 950.00 and a beta of 1.00. The stock has a fifty day moving average price of $25.91 and a 200-day moving average price of $21.42.

Ellomay Capital (NYSEAMERICAN:ELLO) last announced its quarterly earnings results on Monday, December 1st. The utilities provider reported $4.45 EPS for the quarter. Ellomay Capital had a return on equity of 0.50% and a net margin of 1.83%.The business had revenue of $278.16 million for the quarter.

Hedge Funds Weigh In On Ellomay Capital

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the company. Edmond DE Rothschild Holding S.A. acquired a new stake in shares of Ellomay Capital during the second quarter worth approximately $31,000. JPMorgan Chase & Co. increased its holdings in Ellomay Capital by 39.6% during the 3rd quarter. JPMorgan Chase & Co. now owns 3,601 shares of the utilities provider’s stock valued at $65,000 after purchasing an additional 1,021 shares in the last quarter. Yelin Lapidot Holdings Management Ltd. raised its position in Ellomay Capital by 75.5% in the 4th quarter. Yelin Lapidot Holdings Management Ltd. now owns 193,565 shares of the utilities provider’s stock valued at $4,704,000 after purchasing an additional 83,300 shares during the last quarter. Menora Mivtachim Holdings LTD. acquired a new position in Ellomay Capital in the third quarter worth $17,019,000. Finally, Clal Insurance Enterprises Holdings Ltd grew its holdings in shares of Ellomay Capital by 4.6% during the third 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. 27.54% of the stock is currently owned by institutional investors and hedge funds.

Ellomay Capital Company Profile

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.