Ellomay Capital (NYSEAMERICAN:ELLO) Stock Price Crosses Above 50 Day Moving Average – Here’s What Happened

Ellomay Capital Ltd. (NYSEAMERICAN:ELLO)’s share price crossed above its fifty day moving average during trading on Monday . The stock has a fifty day moving average of $0.00 and traded as high as $16.97. Ellomay Capital shares last traded at $16.03, with a volume of 12,486 shares traded.

Ellomay Capital Stock Up 1.9 %

The firm has a market cap of $209.97 million, a price-to-earnings ratio of -29.71 and a beta of 1.25. The company has a quick ratio of 0.87, a current ratio of 0.87 and a debt-to-equity ratio of 3.28.

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

Institutional Inflows and Outflows

A hedge fund recently raised its stake in Ellomay Capital stock. Clal Insurance Enterprises Holdings Ltd increased its holdings in Ellomay Capital Ltd. (NYSEAMERICAN:ELLO) by 2.2% during the 3rd quarter, according to its most recent Form 13F filing with the SEC. The fund owned 1,603,265 shares of the utilities provider’s stock after purchasing an additional 34,596 shares during the period. Clal Insurance Enterprises Holdings Ltd owned approximately 12.48% of Ellomay Capital worth $18,357,000 at the end of the most recent quarter. 27.54% of the stock is owned by hedge funds and other institutional investors.

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.