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Ellomay Capital (NYSEAMERICAN:ELLO) Shares Cross Above Fifty Day Moving Average - What's Next?

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 Tuesday . The stock has a 50 day moving average of $0.00 and traded as high as $16.20. Ellomay Capital shares last traded at $15.50, with a volume of 1,582 shares changing hands.

Ellomay Capital Price Performance

The company has a market capitalization of $199.18 million, a PE ratio of -32.29 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 Trading of Ellomay Capital

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