Ellomay Capital (NYSEAMERICAN:ELLO) Shares Pass Above 50 Day Moving Average of $0.00

Posted by ABMN Staff on Apr 26th, 2024

Ellomay Capital Ltd. (NYSEAMERICAN:ELLO – Get Free Report)’s share price passed above its 50 day moving average during trading on Thursday . The stock has a 50 day moving average of $0.00 and traded as high as $14.77. Ellomay Capital shares last traded at $14.50, with a volume of 3,133 shares.

Ellomay Capital Stock Down 2.0 %

The firm has a market capitalization of $186.33 million, a P/E ratio of 111.55 and a beta of 1.30. The company has a quick ratio of 1.06, a current ratio of 1.06 and a debt-to-equity ratio of 3.16.

Ellomay Capital (NYSEAMERICAN:ELLO – Get Free Report) last issued its quarterly earnings results on Sunday, March 31st. The utilities provider reported ($0.56) earnings per share (EPS) for the quarter. Ellomay Capital had a return on equity of 3.01% and a net margin of 3.24%. The business had revenue of $9.32 million during the quarter.

Institutional Investors Weigh In On Ellomay Capital

A hedge fund recently raised its stake in Ellomay Capital stock. Clal Insurance Enterprises Holdings Ltd grew its position in shares of Ellomay Capital Ltd. (NYSEAMERICAN:ELLO – Free Report) by 54.7% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 1,512,554 shares of the utilities provider’s stock after purchasing an additional 534,554 shares during the period. Clal Insurance Enterprises Holdings Ltd owned approximately 11.77% of Ellomay Capital worth $22,580,000 at the end of the most recent reporting period. 27.54% of the stock is owned by institutional investors.

About Ellomay Capital

(Get Free Report)

Ellomay Capital Ltd., together with its subsidiaries, engages in the production of renewable and clean energy in Israel, Italy, Spain, and the Netherlands. The company owns seven photovoltaic (PV) plants comprising five PV plants in Spain with an aggregate installed capacity of approximately 35.9 megawatts (MW); one PV plant with a peak capacity of 300 MW in the municipality of Talaván, Spain; and one PV plant in Israel with an installed capacity of approximately 9 MW.