Ellomay Capital (NYSEAMERICAN:ELLO) Stock Crosses Above Fifty Day Moving Average – What’s Next?

Ellomay Capital Ltd. (NYSEAMERICAN:ELLO) shares passed above its 50 day moving average during trading on Thursday . The stock has a 50 day moving average of $24.17 and traded as high as $27.25. Ellomay Capital shares last traded at $26.80, with a volume of 3,734 shares traded.

Ellomay Capital Price Performance

The company has a market capitalization of $369.30 million, a P/E ratio of 893.33 and a beta of 1.01. The stock’s fifty day simple moving average is $24.17 and its 200-day simple moving average is $20.52. The company has a debt-to-equity ratio of 3.04, a current ratio of 1.18 and a quick ratio of 1.18.

Ellomay Capital (NYSEAMERICAN:ELLO) last announced its quarterly earnings data 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 net margin of 1.83% and a return on equity of 0.50%.

Institutional Inflows and Outflows

Hedge funds have recently added to or reduced their stakes in the business. Menora Mivtachim Holdings LTD. bought a new stake in shares of Ellomay Capital in the 3rd quarter worth about $17,019,000. Clal Insurance Enterprises Holdings Ltd boosted its position 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 buying an additional 70,180 shares in the last quarter. Edmond DE Rothschild Holding S.A. acquired a new position in Ellomay Capital in the second quarter valued at about $31,000. Finally, JPMorgan Chase & Co. grew its stake in Ellomay Capital by 39.6% during 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 last quarter. 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.