Ellomay Capital (NYSEAMERICAN:ELLO) Stock Price Breaks Above Fifty Day Moving Average – Should You Sell?

Ellomay Capital Ltd. (NYSEAMERICAN:ELLO) passed above its fifty day moving average during trading on Tuesday. The stock has a fifty day moving average of $21.02 and traded as high as $23.40. Ellomay Capital shares last traded at $22.60, with a volume of 4,015 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 company’s 50-day simple moving average is $21.05 and its 200 day simple moving average is $21.46. The company has a market capitalization of $289.52 million, a P/E ratio of 4.18 and a beta of 0.99.

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

About Ellomay Capital

Ellomay Capital Ltd. is an Israel-based renewable energy and power-generation company whose activities focus on developing, owning and operating clean-energy infrastructure. The company’s portfolio includes solar photovoltaic facilities and waste-to-energy projects, with operations and investments spanning Israel and several European markets.

Ellomay has developed and invested in utility-scale solar projects in countries including Spain, Italy and the Netherlands. Its portfolio includes the Talasol solar project in Spain, as well as other solar facilities and renewable-energy investments.