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Ellomay Capital (NYSEAMERICAN:ELLO) Stock Crosses Above Fifty Day Moving Average - Time to Sell?

Ellomay Capital logo with Utilities background

Ellomay Capital Ltd. (NYSEAMERICAN:ELLO - Get Free Report) shares crossed above its 50 day moving average during trading on Friday . The stock has a 50 day moving average of $0.00 and traded as high as $15.16. Ellomay Capital shares last traded at $14.96, with a volume of 5,329 shares changing hands.

Ellomay Capital Stock Down 1.6 %

The company has a debt-to-equity ratio of 3.28, a quick ratio of 0.87 and a current ratio of 0.87. The firm has a market capitalization of $192.24 million, a P/E ratio of -27.20 and a beta of 1.25.

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. Ellomay Capital had a negative return on equity of 2.32% and a negative net margin of 11.10%. The company 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 boosted its position in Ellomay Capital Ltd. (NYSEAMERICAN:ELLO - Free Report) by 1,688.1% during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor 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 as of its most recent filing with the Securities and Exchange Commission (SEC). 27.54% of the stock is owned by institutional investors and hedge funds.

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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