Ellomay Capital (NYSEAMERICAN:ELLO) Stock Passes Above 50-Day Moving Average – What’s Next?

Ellomay Capital Ltd. (NYSEAMERICAN:ELLO) shares crossed above its fifty day moving average during trading on Friday . The stock has a fifty day moving average of $19.86 and traded as high as $21.53. Ellomay Capital shares last traded at $20.89, with a volume of 2,391 shares traded.

Ellomay Capital Price Performance

The firm has a market cap of $287.86 million, a P/E ratio of 4.15 and a beta of 0.99. The company has a debt-to-equity ratio of 2.39, a current ratio of 1.24 and a quick ratio of 1.24. The company’s 50-day moving average is $19.86 and its two-hundred day moving average is $22.27.

Ellomay Capital (NYSEAMERICAN:ELLO) last issued its earnings results on Tuesday, August 18th. The utilities provider reported $5.99 EPS for the quarter. The company had revenue of $14.17 million during the quarter. Ellomay Capital had a net margin of 136.55% and a negative return on equity of 12.99%.

Hedge Funds Weigh In On Ellomay Capital

A hedge fund recently raised its stake in Ellomay Capital stock. JPMorgan Chase & Co. boosted its holdings in Ellomay Capital Ltd. (NYSEAMERICAN:ELLO) by 39.6% during the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 3,601 shares of the utilities provider’s stock after buying an additional 1,021 shares during the quarter. JPMorgan Chase & Co.’s holdings in Ellomay Capital were worth $65,000 at the end of the most recent reporting period. 27.54% of the stock is currently owned by institutional investors and hedge funds.

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.