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Ellomay Capital (NYSEAMERICAN:ELLO) Stock Crosses Above 50 Day Moving Average - What's Next?

Ellomay Capital logo with Utilities background

Ellomay Capital Ltd. (NYSEAMERICAN:ELLO - Get Free Report)'s share price crossed above its 50-day moving average during trading on Monday . The stock has a 50-day moving average of $0.00 and traded as high as $16.97. Ellomay Capital shares last traded at $16.03, with a volume of 12,486 shares traded.

Ellomay Capital Stock Up 1.9 %

The company has a market capitalization of $209.97 million, a P/E ratio of -29.71 and a beta of 1.25. The company has a current ratio of 0.87, a quick ratio of 0.87 and a debt-to-equity ratio of 3.28.

Ellomay Capital (NYSEAMERICAN:ELLO - Get Free Report) last posted its quarterly earnings results on Monday, September 30th. The utilities provider reported $0.03 earnings per share for the quarter. The business had revenue of $12.07 million for the quarter. Ellomay Capital had a negative net margin of 11.10% and a negative return on equity of 2.32%.

Institutional Investors Weigh In On Ellomay Capital

An institutional investor recently raised its position in Ellomay Capital stock. Clal Insurance Enterprises Holdings Ltd raised its stake in shares of Ellomay Capital Ltd. (NYSEAMERICAN:ELLO - Free Report) by 2.2% during the third quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 1,603,265 shares of the utilities provider's stock after buying an additional 34,596 shares during the quarter. Clal Insurance Enterprises Holdings Ltd owned about 12.48% of Ellomay Capital worth $18,357,000 at the end of the most recent reporting period. 27.54% of the stock is owned by institutional investors.

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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