Ellomay Capital (NYSEAMERICAN:ELLO) Shares Pass Below Two Hundred Day Moving Average – Time to Sell?

Ellomay Capital Ltd. (NYSEAMERICAN:ELLO) passed below its 200-day moving average during trading on Monday . The stock has a 200-day moving average of $24.35 and traded as low as $18.00. Ellomay Capital shares last traded at $18.80, with a volume of 1,042 shares.

Ellomay Capital Trading Up 2.5%

The stock’s 50-day moving average price is $21.46 and its 200 day moving average price is $24.35. 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 capitalization of $259.06 million, a PE ratio of -10.93 and a beta of 0.98.

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

Hedge Funds Weigh In On Ellomay Capital

An institutional investor recently raised its stake in Ellomay Capital stock. JPMorgan Chase & Co. increased its position in shares of Ellomay Capital Ltd. (NYSEAMERICAN:ELLO) by 39.6% in the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 3,601 shares of the utilities provider’s stock after purchasing an additional 1,021 shares during the quarter. JPMorgan Chase & Co.’s holdings in Ellomay Capital were worth $65,000 as of its most recent SEC filing. Hedge funds and other institutional investors own 27.54% of the company’s stock.

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.