Ellomay Capital (NYSEAMERICAN:ELLO) Share Price Passes Above 50 Day Moving Average of $0.00

Posted by Anthony Miller on May 5th, 2024

Shares of Ellomay Capital Ltd. (NYSEAMERICAN:ELLO – Get Free Report) passed above its fifty day moving average during trading on Friday . The stock has a fifty day moving average of $0.00 and traded as high as $14.79. Ellomay Capital shares last traded at $14.55, with a volume of 2,530 shares traded.

Ellomay Capital Price Performance

The company has a market capitalization of $186.97 million, a P/E ratio of 111.93 and a beta of 1.30. The company has a debt-to-equity ratio of 3.16, a quick ratio of 1.06 and a current ratio of 1.06.

Ellomay Capital (NYSEAMERICAN:ELLO – Get Free Report) last announced its quarterly earnings data on Sunday, March 31st. The utilities provider reported ($0.56) EPS for the quarter. Ellomay Capital had a net margin of 3.24% and a return on equity of 3.01%. The business had revenue of $9.32 million for the quarter.

Hedge Funds Weigh In On Ellomay Capital

An institutional investor recently raised its position in Ellomay Capital stock. Clal Insurance Enterprises Holdings Ltd increased its stake in Ellomay Capital Ltd. (NYSEAMERICAN:ELLO – Free Report) by 54.7% in the 4th quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 1,512,554 shares of the utilities provider’s stock after acquiring an additional 534,554 shares during the quarter. Clal Insurance Enterprises Holdings Ltd owned approximately 11.77% of Ellomay Capital worth $22,580,000 at the end of the most recent reporting period. Institutional investors and hedge funds own 27.54% of the company’s stock.

Ellomay Capital Company Profile

(Get Free Report)

Ellomay Capital Ltd., together with its subsidiaries, engages in the production of renewable and clean energy in Israel, Italy, Spain, and the Netherlands. The company owns seven photovoltaic (PV) plants comprising five PV plants in Spain with an aggregate installed capacity of approximately 35.9 megawatts (MW); one PV plant with a peak capacity of 300 MW in the municipality of Talaván, Spain; and one PV plant in Israel with an installed capacity of approximately 9 MW.