Ellomay Capital (NYSEAMERICAN:ELLO) Stock Price Crosses Above 50 Day Moving Average – Time to Sell?

Ellomay Capital Ltd. (NYSEAMERICAN:ELLO) shares crossed above its 50 day moving average during trading on Tuesday . The stock has a 50 day moving average of $0.00 and traded as high as $14.00. Ellomay Capital shares last traded at $14.00, with a volume of 1,556 shares changing hands.

Ellomay Capital Stock Up 0.7 %

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 firm has a market cap of $179.90 million, a price-to-earnings ratio of -25.45 and a beta of 1.23.

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

Institutional Inflows and Outflows

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

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.