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

Ellomay Capital Ltd. (NYSEAMERICAN:ELLO)’s share price crossed above its 50-day moving average during trading on Thursday . The stock has a 50-day moving average of $19.53 and traded as high as $20.89. Ellomay Capital shares last traded at $20.93, with a volume of 1,701 shares changing hands.

Ellomay Capital Price Performance

The company has a quick ratio of 1.24, a current ratio of 1.24 and a debt-to-equity ratio of 2.39. The stock’s 50 day moving average price is $19.62 and its two-hundred day moving average price is $22.47. The firm has a market capitalization of $319.70 million, a price-to-earnings ratio of 4.61 and a beta of 0.99.

Ellomay Capital (NYSEAMERICAN:ELLO) last released its quarterly earnings data on Tuesday, August 18th. The utilities provider reported $5.99 earnings per share (EPS) for the quarter. Ellomay Capital had a negative return on equity of 12.99% and a net margin of 136.55%.The firm had revenue of $14.17 million during the quarter.

Institutional Investors Weigh In On Ellomay Capital

A hedge fund recently raised its position in Ellomay Capital stock. Yelin Lapidot Holdings Management Ltd. increased its position in Ellomay Capital Ltd. (NYSEAMERICAN:ELLO) by 75.5% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The fund owned 193,565 shares of the utilities provider’s stock after buying an additional 83,300 shares during the period. Ellomay Capital accounts for 0.9% of Yelin Lapidot Holdings Management Ltd.’s portfolio, making the stock its 26th largest holding. Yelin Lapidot Holdings Management Ltd. owned 1.40% of Ellomay Capital worth $4,704,000 at the end of the most recent quarter. Institutional investors 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.