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Ellomay Capital (NYSEAMERICAN:ELLO) Stock Price Passes Above Fifty Day Moving Average - Should You Sell?

Ellomay Capital logo with Utilities background

Shares of Ellomay Capital Ltd. (NYSEAMERICAN:ELLO - Get Free Report) passed above its fifty day moving average during trading on Tuesday . The stock has a fifty day moving average of $0.00 and traded as high as $14.00. Ellomay Capital shares last traded at $14.00, with a volume of 1,556 shares trading hands.

Ellomay Capital Price Performance

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 earnings results on Monday, September 30th. The utilities provider reported $0.03 earnings per share (EPS) for the quarter. Ellomay Capital had a negative net margin of 11.10% and a negative return on equity of 2.32%. The firm had revenue of $12.07 million during the quarter.

Institutional Trading of Ellomay Capital

A hedge fund recently raised its stake in Ellomay Capital stock. Y.D. More Investments Ltd lifted its stake in Ellomay Capital Ltd. (NYSEAMERICAN:ELLO - Free Report) by 1,688.1% in the 2nd quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 20,849 shares of the utilities provider's stock after purchasing an additional 19,683 shares during the quarter. Y.D. More Investments Ltd owned about 0.16% of Ellomay Capital worth $244,000 at the end of the most recent reporting period. 27.54% of the stock is currently 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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