Ellomay Capital (NYSEAMERICAN:ELLO) Shares Cross Below 50-Day Moving Average – What’s Next?

Ellomay Capital Ltd. (NYSEAMERICAN:ELLO)’s stock price passed below its fifty day moving average during trading on Monday . The stock has a fifty day moving average of $24.43 and traded as low as $23.70. Ellomay Capital shares last traded at $23.74, with a volume of 30,425 shares changing hands.

Ellomay Capital Trading Down 1.1%

The business’s 50-day moving average is $24.43 and its two-hundred day moving average is $24.60. 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 stock has a market capitalization of $327.14 million, a PE ratio of -13.80 and a beta of 0.94.

Ellomay Capital (NYSEAMERICAN:ELLO) last released its earnings results on Wednesday, May 27th. The utilities provider reported ($0.88) EPS for the quarter. Ellomay Capital had a negative net margin of 45.04% and a negative return on equity of 12.39%. The business had revenue of $10.03 million during the quarter.

Institutional Investors Weigh In On Ellomay Capital

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. Clal Insurance Enterprises Holdings Ltd lifted its holdings in Ellomay Capital by 4.6% in the third quarter. Clal Insurance Enterprises Holdings Ltd now owns 1,594,224 shares of the utilities provider’s stock valued at $28,276,000 after acquiring an additional 70,180 shares during the period. Menora Mivtachim Holdings LTD. acquired a new position in shares of Ellomay Capital during the 3rd quarter worth $17,019,000. Yelin Lapidot Holdings Management Ltd. raised its stake in shares of Ellomay Capital by 75.5% during the 4th quarter. Yelin Lapidot Holdings Management Ltd. now owns 193,565 shares of the utilities provider’s stock worth $4,704,000 after buying an additional 83,300 shares during the last quarter. Finally, JPMorgan Chase & Co. raised its stake in shares of Ellomay Capital by 39.6% during the 3rd quarter. JPMorgan Chase & Co. now owns 3,601 shares of the utilities provider’s stock worth $65,000 after buying an additional 1,021 shares during the last quarter. Institutional investors and hedge funds 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.