Ellomay Capital (NYSEAMERICAN:ELLO) Shares Pass Above 50-Day Moving Average – Here’s Why

Ellomay Capital Ltd. (NYSEAMERICAN:ELLO) passed above its fifty day moving average during trading on Wednesday . The stock has a fifty day moving average of $26.76 and traded as high as $27.43. Ellomay Capital shares last traded at $26.79, with a volume of 1,740 shares trading hands.

Ellomay Capital Trading Up 1.9%

The company has a quick ratio of 1.18, a current ratio of 1.18 and a debt-to-equity ratio of 3.04. The company has a market cap of $369.17 million, a P/E ratio of 893.00 and a beta of 1.02. The business has a 50-day moving average price of $26.76 and a two-hundred day moving average price of $22.33.

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

Institutional Inflows and Outflows

Hedge funds have recently modified their holdings of the business. JPMorgan Chase & Co. grew its position in shares of Ellomay Capital by 39.6% during the 3rd 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 period. Edmond DE Rothschild Holding S.A. acquired a new position in Ellomay Capital in the second quarter valued at approximately $31,000. Clal Insurance Enterprises Holdings Ltd boosted its stake in Ellomay Capital by 4.6% in the third quarter. Clal Insurance Enterprises Holdings Ltd now owns 1,594,224 shares of the utilities provider’s stock valued at $28,276,000 after acquiring an additional 70,180 shares during the last quarter. Yelin Lapidot Holdings Management Ltd. boosted its stake 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 valued at $4,704,000 after acquiring an additional 83,300 shares during the last quarter. Finally, Menora Mivtachim Holdings LTD. acquired a new stake in Ellomay Capital during the 3rd quarter worth $17,019,000. Institutional investors own 27.54% of the company’s stock.

About Ellomay Capital

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.