Ellomay Capital (NYSEAMERICAN:ELLO) Stock Crosses Above 50-Day Moving Average – Here’s Why

Ellomay Capital Ltd. (NYSEAMERICAN:ELLO)’s stock price passed above its fifty day moving average during trading on Wednesday . The stock has a fifty day moving average of $23.34 and traded as high as $26.94. Ellomay Capital shares last traded at $26.94, with a volume of 8,950 shares trading hands.

Ellomay Capital Price Performance

The firm has a market cap of $371.23 million, a price-to-earnings ratio of 898.00 and a beta of 1.01. The company has a current ratio of 1.18, a quick ratio of 1.18 and a debt-to-equity ratio of 3.04. The stock’s fifty day moving average price is $23.34 and its 200-day moving average price is $20.12.

Ellomay Capital (NYSEAMERICAN:ELLO) last issued its quarterly earnings data on Monday, December 1st. The utilities provider reported $4.45 earnings per share for the quarter. Ellomay Capital had a return on equity of 0.50% and a net margin of 1.83%.The company had revenue of $278.16 million during the quarter.

Institutional Inflows and Outflows

Large investors have recently bought and sold shares of the stock. Menora Mivtachim Holdings LTD. purchased a new stake in shares of Ellomay Capital in the 3rd quarter valued at approximately $17,019,000. Clal Insurance Enterprises Holdings Ltd increased its holdings in Ellomay Capital by 4.6% in the 3rd quarter. Clal Insurance Enterprises Holdings Ltd now owns 1,594,224 shares of the utilities provider’s stock valued at $28,276,000 after purchasing an additional 70,180 shares during the last quarter. Edmond DE Rothschild Holding S.A. purchased a new stake in Ellomay Capital in the second quarter valued at approximately $31,000. Finally, JPMorgan Chase & Co. lifted its stake in Ellomay Capital by 39.6% during the third quarter. JPMorgan Chase & Co. now owns 3,601 shares of the utilities provider’s stock worth $65,000 after purchasing an additional 1,021 shares in the last quarter. Institutional investors and hedge funds 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.