Ellomay Capital (NYSEAMERICAN:ELLO) Stock Crosses Below 200 Day Moving Average – Time to Sell?

Ellomay Capital Ltd. (NYSEAMERICAN:ELLO)’s stock price crossed below its two hundred day moving average during trading on Wednesday . The stock has a two hundred day moving average of $24.67 and traded as low as $20.95. Ellomay Capital shares last traded at $21.15, with a volume of 10,177 shares changing hands.

Ellomay Capital Price Performance

The company has a debt-to-equity ratio of 3.62, a current ratio of 1.40 and a quick ratio of 1.40. The firm has a market cap of $291.45 million, a price-to-earnings ratio of -12.30 and a beta of 0.94. The business’s 50-day moving average price is $24.00 and its two-hundred day moving average price is $24.67.

Ellomay Capital (NYSEAMERICAN:ELLO) last released its quarterly earnings results on Saturday, May 16th. The utilities provider reported ($0.88) earnings per share for the quarter. Ellomay Capital had a negative return on equity of 12.39% and a negative net margin of 45.04%.The company had revenue of $10.03 million for the quarter.

Institutional Trading of Ellomay Capital

A number of hedge funds have recently made changes to their positions in the stock. Yelin Lapidot Holdings Management Ltd. grew its position in shares of Ellomay Capital by 75.5% during the fourth 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 in the last quarter. JPMorgan Chase & Co. grew its position in shares of Ellomay Capital by 39.6% during the third 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 in the last quarter. Menora Mivtachim Holdings LTD. acquired a new stake in shares of Ellomay Capital during the third quarter worth approximately $17,019,000. Finally, Clal Insurance Enterprises Holdings Ltd grew its position in shares of Ellomay Capital by 4.6% during the third quarter. Clal Insurance Enterprises Holdings Ltd now owns 1,594,224 shares of the utilities provider’s stock worth $28,276,000 after buying an additional 70,180 shares in 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.