Ellomay Capital (NYSEAMERICAN:ELLO) Stock Crosses Below Two Hundred Day Moving Average – Should You Sell?

Shares of Ellomay Capital Ltd. (NYSEAMERICAN:ELLO) passed below its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of $23.09 and traded as low as $19.63. Ellomay Capital shares last traded at $20.45, with a volume of 2,162 shares changing hands.

Ellomay Capital Stock Up 1.1%

The firm’s 50-day simple moving average is $19.52 and its 200 day simple moving average is $23.03. The company has a market cap of $273.12 million, a P/E ratio of 3.94 and a beta of 0.98. The company has a debt-to-equity ratio of 3.62, a quick ratio of 1.40 and a current ratio of 1.40.

Ellomay Capital (NYSEAMERICAN:ELLO) last posted its quarterly earnings results 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 14.23% and a net margin of 136.55%.The business had revenue of $14.17 million for the quarter.

Hedge Funds Weigh In On Ellomay Capital

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

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.