Ellomay Capital (NYSEAMERICAN:ELLO) Stock Passes Above 50 Day Moving Average – Here’s What Happened

Shares of Ellomay Capital Ltd. (NYSEAMERICAN:ELLO) passed above its fifty day moving average during trading on Wednesday . The stock has a fifty 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.

Ellomay Capital Stock Up 2.1 %

The company has a debt-to-equity ratio of 3.28, a current ratio of 0.87 and a quick ratio of 0.87. The firm has a market capitalization of $179.39 million, a PE ratio of -25.38 and a beta of 1.23.

Ellomay Capital (NYSEAMERICAN:ELLO) last released its earnings results on Monday, September 30th. The utilities provider reported $0.03 earnings per share 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 Trading of Ellomay Capital

A hedge fund recently raised its stake in Ellomay Capital stock. Y.D. More Investments Ltd increased its position in shares of Ellomay Capital Ltd. (NYSEAMERICAN:ELLO) by 1,688.1% during the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 20,849 shares of the utilities provider’s stock after buying 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. Hedge funds and other institutional investors own 27.54% of the company’s stock.

About Ellomay Capital

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.