Ellomay Capital (NYSEAMERICAN:ELLO) Posts Quarterly Earnings Results

Ellomay Capital (NYSEAMERICAN:ELLO) announced its quarterly earnings data on Tuesday. The utilities provider reported $5.99 earnings per share (EPS) for the quarter, FiscalAI reports. Ellomay Capital had a net margin of 136.55% and a negative return on equity of 14.23%. The company had revenue of $14.17 million for the quarter.

Ellomay Capital Trading Down 4.2%

Shares of NYSEAMERICAN:ELLO opened at $19.60 on Thursday. The stock has a market capitalization of $270.09 million, a price-to-earnings ratio of 3.90 and a beta of 0.98. Ellomay Capital has a 1-year low of $16.72 and a 1-year high of $30.34. 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 has a 50 day moving average price of $19.52 and a 200 day moving average price of $23.03.

Institutional Inflows and Outflows

A hedge fund recently raised its stake in Ellomay Capital stock. JPMorgan Chase & Co. grew its stake in shares of Ellomay Capital Ltd. (NYSEAMERICAN:ELLO) by 39.6% in the third quarter, according to its most recent filing with the SEC. The fund owned 3,601 shares of the utilities provider’s stock after acquiring an additional 1,021 shares during the period. JPMorgan Chase & Co.’s holdings in Ellomay Capital were worth $65,000 at the end of the most recent reporting period. Institutional investors and hedge funds own 27.54% of the company’s stock.

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.