Ellomay Capital (NYSEAMERICAN:ELLO) Stock Crosses Below 200 Day Moving Average – Time to Sell?

Shares of Ellomay Capital Ltd. (NYSEAMERICAN:ELLO) crossed below its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of $24.67 and traded as low as $20.95. Ellomay Capital shares last traded at $21.15, with a volume of 10,177 shares traded.

Ellomay Capital Price Performance

The company has a 50 day moving average of $24.00 and a 200-day moving average of $24.67. The stock has a market capitalization of $291.45 million, a P/E ratio of -12.30 and a beta of 0.94. The company has a quick ratio of 1.40, a current ratio of 1.40 and a debt-to-equity ratio of 3.62.

Ellomay Capital (NYSEAMERICAN:ELLO) last announced its quarterly earnings data on Saturday, May 16th. The utilities provider reported ($0.88) earnings per share (EPS) for the quarter. Ellomay Capital had a negative return on equity of 12.39% and a negative net margin of 45.04%.The firm had revenue of $10.03 million for the quarter.

Hedge Funds Weigh In On Ellomay Capital

Several large investors have recently added to or reduced their stakes in ELLO. JPMorgan Chase & Co. lifted its stake in Ellomay Capital by 39.6% during the third quarter. JPMorgan Chase & Co. now owns 3,601 shares of the utilities provider’s stock worth $65,000 after purchasing an additional 1,021 shares during the last quarter. Yelin Lapidot Holdings Management Ltd. lifted its stake in Ellomay Capital by 75.5% during the fourth quarter. Yelin Lapidot Holdings Management Ltd. now owns 193,565 shares of the utilities provider’s stock worth $4,704,000 after purchasing an additional 83,300 shares during the last quarter. Menora Mivtachim Holdings LTD. bought a new position in Ellomay Capital during the third quarter worth $17,019,000. Finally, Clal Insurance Enterprises Holdings Ltd lifted its stake in Ellomay Capital by 4.6% during the third quarter. Clal Insurance Enterprises Holdings Ltd now owns 1,594,224 shares of the utilities provider’s stock worth $28,276,000 after purchasing an additional 70,180 shares during the last quarter. 27.54% of the stock is currently owned by institutional investors.

About Ellomay Capital

Ellomay Capital Ltd. is an Israel-based investment company specializing in the acquisition, financing, development and operation of renewable energy and related infrastructure assets. Founded in 2014 and traded on the NYSE American under the ticker ELLO, Ellomay focuses on building a diversified portfolio of solar photovoltaic (PV) projects and specialty infrastructure businesses that generate stable, long-term cash flows under government-backed tariffs and concession agreements.

The company’s core activities center on ground-mounted solar PV installations in Italy, where its operating portfolio comprises multiple medium-sized projects secured under feed-in-tariff regimes.