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Ellomay Capital (NYSEAMERICAN:ELLO) Shares Pass Above Fifty Day Moving Average - Here's Why

Ellomay Capital logo with Utilities background

Ellomay Capital Ltd. (NYSEAMERICAN:ELLO - Get Free Report)'s stock price crossed above its 50-day moving average during trading on Wednesday . The stock has a 50-day moving average of $0.00 and traded as high as $14.10. Ellomay Capital shares last traded at $13.96, with a volume of 2,247 shares traded.

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 3.28. The company has a market capitalization of $183.63 million, a PE ratio of -25.98 and a beta of 1.23.

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

Institutional Investors Weigh In On Ellomay Capital

An institutional investor recently raised its position in Ellomay Capital stock. Y.D. More Investments Ltd increased its stake in shares of Ellomay Capital Ltd. (NYSEAMERICAN:ELLO - Free Report) by 1,688.1% during the 2nd quarter, according to its most recent filing with the SEC. The institutional investor owned 20,849 shares of the utilities provider's stock after acquiring an additional 19,683 shares during the period. Y.D. More Investments Ltd owned approximately 0.16% of Ellomay Capital worth $244,000 at the end of the most recent reporting period. 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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