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

Ellomay Capital Ltd. (NYSEAMERICAN:ELLO) crossed above its 50 day moving average during trading on Friday . The stock has a 50 day moving average of $0.00 and traded as high as $15.16. Ellomay Capital shares last traded at $14.96, with a volume of 5,329 shares traded.

Ellomay Capital Stock Performance

The company has a market capitalization of $192.24 million, a price-to-earnings ratio of -27.20 and a beta of 1.25. The company has a debt-to-equity ratio of 3.28, a current ratio of 0.87 and a quick ratio of 0.87.

Ellomay Capital (NYSEAMERICAN:ELLO) last released its quarterly earnings results on Monday, September 30th. The utilities provider reported $0.03 earnings per share for the quarter. The company 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 Trading of Ellomay Capital

An institutional investor recently raised its position in Ellomay Capital stock. Y.D. More Investments Ltd grew its stake in shares of Ellomay Capital Ltd. (NYSEAMERICAN:ELLO) by 1,688.1% in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 20,849 shares of the utilities provider’s stock after purchasing an additional 19,683 shares during the quarter. Y.D. More Investments Ltd owned approximately 0.16% of Ellomay Capital worth $244,000 at the end of the most recent quarter. Institutional investors own 27.54% of the company’s stock.

About Ellomay Capital

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.