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Ellomay Capital (NYSEAMERICAN:ELLO) Share Price Passes Above 50 Day Moving Average - Here's What Happened

Ellomay Capital logo with Utilities background

Ellomay Capital Ltd. (NYSEAMERICAN:ELLO - Get Free Report) crossed above its fifty day moving average during trading on Thursday . The stock has a fifty day moving average of $0.00 and traded as high as $16.01. Ellomay Capital shares last traded at $15.90, with a volume of 3,079 shares changing hands.

Ellomay Capital Stock Performance

The company has a quick ratio of 0.87, a current ratio of 0.87 and a debt-to-equity ratio of 3.24. The firm has a market cap of $217.29 million, a price-to-earnings ratio of -35.23 and a beta of 1.20.

Institutional Inflows and Outflows

A hedge fund recently raised its stake in Ellomay Capital stock. JPMorgan Chase & Co. raised its position in Ellomay Capital Ltd. (NYSEAMERICAN:ELLO - Free Report) by 161.6% during the fourth quarter, according to its most recent 13F filing with the SEC. The fund owned 3,728 shares of the utilities provider's stock after buying an additional 2,303 shares during the period. JPMorgan Chase & Co.'s holdings in Ellomay Capital were worth $61,000 as of its most recent filing with the SEC. Institutional investors and hedge funds own 27.54% of the company's stock.

About Ellomay Capital

(Get Free Report)

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

Further Reading

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