Shares of Enlight Renewable Energy Ltd (NASDAQ:ENLT - Get Free Report) saw an uptick in trading volume on Tuesday . 23,651 shares traded hands during mid-day trading, an increase of 131% from the previous session's volume of 10,243 shares.The stock last traded at $16.47 and had previously closed at $16.65.
Analyst Upgrades and Downgrades
Separately, Barclays upped their target price on shares of Enlight Renewable Energy from $20.00 to $21.00 and gave the stock an "overweight" rating in a report on Friday, November 15th.
Read Our Latest Analysis on Enlight Renewable Energy
Enlight Renewable Energy Trading Up 0.5 %
The firm has a market capitalization of $1.93 billion, a P/E ratio of 38.05 and a beta of 1.53. The business has a 50 day moving average of $16.41 and a 200-day moving average of $16.11. The company has a current ratio of 0.53, a quick ratio of 0.53 and a debt-to-equity ratio of 1.64.
Enlight Renewable Energy (NASDAQ:ENLT - Get Free Report) last issued its quarterly earnings results on Wednesday, November 13th. The company reported $0.12 earnings per share for the quarter, topping the consensus estimate of $0.03 by $0.09. The company had revenue of $109.50 million during the quarter, compared to analysts' expectations of $83.09 million. Enlight Renewable Energy had a net margin of 13.58% and a return on equity of 3.34%. The business's quarterly revenue was up 87.8% on a year-over-year basis. During the same period last year, the business earned $0.13 EPS. Analysts anticipate that Enlight Renewable Energy Ltd will post 0.07 EPS for the current fiscal year.
Institutional Inflows and Outflows
Several large investors have recently added to or reduced their stakes in the company. Advisors Asset Management Inc. boosted its stake in shares of Enlight Renewable Energy by 1,181.5% during the third quarter. Advisors Asset Management Inc. now owns 14,263 shares of the company's stock valued at $241,000 after purchasing an additional 13,150 shares in the last quarter. Susquehanna International Group Ltd. acquired a new stake in shares of Enlight Renewable Energy during the second quarter valued at about $253,000. Tidal Investments LLC boosted its stake in shares of Enlight Renewable Energy by 11.3% during the third quarter. Tidal Investments LLC now owns 18,241 shares of the company's stock valued at $308,000 after purchasing an additional 1,852 shares in the last quarter. Barclays PLC boosted its stake in shares of Enlight Renewable Energy by 4,278.2% during the third quarter. Barclays PLC now owns 25,525 shares of the company's stock valued at $432,000 after purchasing an additional 24,942 shares in the last quarter. Finally, Public Employees Retirement System of Ohio acquired a new stake in shares of Enlight Renewable Energy during the third quarter valued at about $655,000. Institutional investors own 38.89% of the company's stock.
Enlight Renewable Energy Company Profile
(
Get Free Report)
Enlight Renewable Energy Ltd operates a renewable energy platform in Israel, Central-Eastern Europe, Western Europe, and the United States. The company develops, finances, constructs, owns, and operates utility-scale renewable energy projects. It develops wind energy and solar energy projects, as well as energy storage projects.
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