Ellomay Capital (NYSEAMERICAN:ELLO) Stock Price Passes Above Fifty Day Moving Average – Should You Sell?

Ellomay Capital Ltd. (NYSEAMERICAN:ELLO)’s stock price crossed above its fifty day moving average during trading on Monday . The stock has a fifty day moving average of $19.78 and traded as high as $20.25. Ellomay Capital shares last traded at $20.00, with a volume of 1,763 shares changing hands.

Ellomay Capital Price Performance

The company has a debt-to-equity ratio of 3.62, a current ratio of 1.40 and a quick ratio of 1.40. The company has a 50-day simple moving average of $19.71 and a two-hundred day simple moving average of $23.34. The stock has a market capitalization of $272.15 million, a price-to-earnings ratio of -11.48 and a beta of 0.98.

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

Institutional Inflows and Outflows

An institutional investor recently raised its stake in Ellomay Capital stock. JPMorgan Chase & Co. raised its position in Ellomay Capital Ltd. (NYSEAMERICAN:ELLO) by 39.6% during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 3,601 shares of the utilities provider’s stock after purchasing an additional 1,021 shares during the quarter. JPMorgan Chase & Co.’s holdings in Ellomay Capital were worth $65,000 as of its most recent filing with the Securities and Exchange Commission. 27.54% of the stock is 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.