Ellomay Capital (NYSEAMERICAN:ELLO) Stock Price Passes Below Two Hundred Day Moving Average – What’s Next?

Ellomay Capital Ltd. (NYSEAMERICAN:ELLO)’s share price passed below its two hundred day moving average during trading on Wednesday . The stock has a two hundred day moving average of $24.67 and traded as low as $20.95. Ellomay Capital shares last traded at $21.15, with a volume of 10,177 shares changing hands.

Ellomay Capital Stock Performance

The stock has a market cap of $290.90 million, a price-to-earnings ratio of -12.27 and a beta of 0.94. The company has a debt-to-equity ratio of 3.62, a quick ratio of 1.40 and a current ratio of 1.40. The company’s 50 day simple moving average is $23.87 and its 200 day simple moving average is $24.66.

Ellomay Capital (NYSEAMERICAN:ELLO) last released its earnings results on Saturday, May 16th. The utilities provider reported ($0.88) EPS for the quarter. The company had revenue of $10.03 million for the quarter. Ellomay Capital had a negative net margin of 45.04% and a negative return on equity of 12.39%.

Hedge Funds Weigh In On Ellomay Capital

Several large investors have recently bought and sold shares of ELLO. JPMorgan Chase & Co. boosted its holdings in shares of Ellomay Capital by 39.6% in the third 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. Clal Insurance Enterprises Holdings Ltd boosted its holdings in shares of 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 worth $28,276,000 after buying an additional 70,180 shares during the period. Yelin Lapidot Holdings Management Ltd. lifted its position in shares of 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 worth $4,704,000 after purchasing an additional 83,300 shares in the last quarter. Finally, Menora Mivtachim Holdings LTD. purchased a new stake in shares of Ellomay Capital in the third quarter worth approximately $17,019,000. Institutional investors and hedge funds own 27.54% of the company’s stock.

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.