Ellomay Capital (NYSEAMERICAN:ELLO) Stock Crosses Below 200-Day Moving Average – Here’s Why

Ellomay Capital Ltd. (NYSEAMERICAN:ELLO)’s stock price passed below its 200-day moving average during trading on Monday . The stock has a 200-day moving average of $24.35 and traded as low as $18.00. Ellomay Capital shares last traded at $18.80, with a volume of 1,042 shares changing hands.

Ellomay Capital Stock Up 5.0%

The firm has a fifty day moving average of $21.32 and a 200-day moving average of $24.31. The company has a quick ratio of 1.40, a current ratio of 1.40 and a debt-to-equity ratio of 3.62. The firm has a market cap of $261.82 million, a P/E ratio of -11.05 and a beta of 0.98.

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

Hedge Funds Weigh In On Ellomay Capital

A hedge fund recently raised its stake in Ellomay Capital stock. JPMorgan Chase & Co. grew its position in Ellomay Capital Ltd. (NYSEAMERICAN:ELLO) by 39.6% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 3,601 shares of the utilities provider’s stock after acquiring an additional 1,021 shares during the period. JPMorgan Chase & Co.’s holdings in Ellomay Capital were worth $65,000 at the end of the most recent quarter. Institutional investors own 27.54% of the company’s stock.

Ellomay Capital Company Profile

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.