Ellomay Capital (NYSEAMERICAN:ELLO) Shares Cross Below 50 Day Moving Average – Should You Sell?

Ellomay Capital Ltd. (NYSEAMERICAN:ELLO) shares passed below its fifty day moving average during trading on Thursday . The stock has a fifty day moving average of $20.60 and traded as low as $18.69. Ellomay Capital shares last traded at $19.00, with a volume of 6,132 shares traded.

Ellomay Capital Stock Down 2.3%

The stock has a market cap of $261.82 million, a P/E ratio of -11.05 and a beta of 0.98. 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 company has a 50-day simple moving average of $20.60 and a two-hundred day simple moving average of $24.02.

Ellomay Capital (NYSEAMERICAN:ELLO) last issued its earnings results 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 during the quarter.

Hedge Funds Weigh In On Ellomay Capital

An institutional investor recently raised its position in Ellomay Capital stock. Yelin Lapidot Holdings Management Ltd. lifted its position in shares of Ellomay Capital Ltd. (NYSEAMERICAN:ELLO) by 75.5% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 193,565 shares of the utilities provider’s stock after purchasing an additional 83,300 shares during the period. Ellomay Capital accounts for approximately 0.9% of Yelin Lapidot Holdings Management Ltd.’s portfolio, making the stock its 26th largest position. Yelin Lapidot Holdings Management Ltd. owned 1.40% of Ellomay Capital worth $4,704,000 at the end of the most recent quarter. Institutional investors own 27.54% of the company’s stock.

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.