Ellomay Capital (NYSEAMERICAN:ELLO) Shares Cross Below 50-Day Moving Average – Time to Sell?

Ellomay Capital Ltd. (NYSEAMERICAN:ELLO) shares crossed below its 50-day moving average during trading on Wednesday . The stock has a 50-day moving average of $23.10 and traded as low as $18.91. Ellomay Capital shares last traded at $19.16, with a volume of 17,099 shares traded.

Ellomay Capital Trading Up 0.8%

The company has a market capitalization of $264.02 million, a PE ratio of -11.14 and a beta of 0.94. The company’s fifty day moving average is $23.10 and its 200-day moving average is $24.68. The company has a debt-to-equity ratio of 3.62, a current ratio of 1.40 and a quick ratio of 1.40.

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

Institutional Investors Weigh In On Ellomay Capital

Hedge funds have recently made changes to their positions in the stock. Yelin Lapidot Holdings Management Ltd. lifted its stake in shares of Ellomay Capital by 75.5% during the 4th 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 during the last quarter. JPMorgan Chase & Co. grew its stake in Ellomay Capital by 39.6% in the third quarter. JPMorgan Chase & Co. now owns 3,601 shares of the utilities provider’s stock valued at $65,000 after purchasing an additional 1,021 shares during the last quarter. Menora Mivtachim Holdings LTD. purchased a new position in Ellomay Capital in the third quarter valued at about $17,019,000. Finally, Clal Insurance Enterprises Holdings Ltd raised its holdings 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 worth $28,276,000 after purchasing an additional 70,180 shares in the last quarter. 27.54% of the stock is currently owned by hedge funds and other institutional investors.

About Ellomay Capital

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.