Ellomay Capital (NYSEAMERICAN:ELLO) Stock Price Passes Below 50 Day Moving Average – Here’s What Happened

Ellomay Capital Ltd. (NYSEAMERICAN:ELLO) crossed below its 50 day moving average during trading on Wednesday . The stock has a 50 day moving average of $23.10 and traded as low as $18.91. Ellomay Capital shares last traded at $19.16, with a volume of 17,099 shares traded.

Ellomay Capital Trading Up 0.8%

The stock has a fifty day moving average of $23.10 and a 200-day moving average of $24.68. The company has a market cap of $264.02 million, a PE ratio of -11.14 and a beta of 0.94. 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 released its earnings results on Saturday, May 16th. The utilities provider reported ($0.88) earnings per share for the quarter. The business had revenue of $10.03 million for the quarter. Ellomay Capital had a negative return on equity of 12.39% and a negative net margin of 45.04%.

Institutional Investors Weigh In On Ellomay Capital

Large investors have recently added to or reduced their stakes in the stock. Clal Insurance Enterprises Holdings Ltd grew its stake in Ellomay Capital by 4.6% in the 3rd quarter. Clal Insurance Enterprises Holdings Ltd now owns 1,594,224 shares of the utilities provider’s stock worth $28,276,000 after acquiring an additional 70,180 shares in the last quarter. Menora Mivtachim Holdings LTD. bought a new stake in shares of Ellomay Capital during the third quarter valued at approximately $17,019,000. Yelin Lapidot Holdings Management Ltd. raised its stake 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 valued at $4,704,000 after acquiring an additional 83,300 shares in the last quarter. Finally, JPMorgan Chase & Co. boosted its holdings in shares of Ellomay Capital by 39.6% in the third quarter. JPMorgan Chase & Co. now owns 3,601 shares of the utilities provider’s stock valued at $65,000 after purchasing an additional 1,021 shares during the period. 27.54% of the stock is owned by hedge funds and other institutional investors.

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.