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

Ellomay Capital logo with Utilities background
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Ellomay Capital Ltd. (NYSEAMERICAN:ELLO - Get Free Report) shares passed above its fifty day moving average during trading on Monday . The stock has a fifty day moving average of $0.00 and traded as high as $16.40. Ellomay Capital shares last traded at $16.10, with a volume of 9,658 shares changing hands.

Ellomay Capital Price Performance

The stock has a market cap of $214.60 million, a PE ratio of -34.79 and a beta of 1.20. The company has a debt-to-equity ratio of 3.24, a quick ratio of 0.87 and a current ratio of 0.87.

Institutional Investors Weigh In On Ellomay Capital

An institutional investor recently raised its position 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 filing with the SEC. The firm owned 3,728 shares of the utilities provider's stock after purchasing 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. Hedge funds and other institutional investors 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.

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