Ellomay Capital (NYSEAMERICAN:ELLO) Posts Quarterly Earnings Results

Ellomay Capital (NYSEAMERICAN:ELLO) announced its quarterly earnings data on Tuesday. The utilities provider reported $5.99 earnings per share (EPS) for the quarter, FiscalAI reports. Ellomay Capital had a negative return on equity of 12.39% and a negative net margin of 45.04%.The company had revenue of $14.17 million for the quarter.

Ellomay Capital Price Performance

Shares of ELLO opened at $20.45 on Wednesday. The firm has a market cap of $281.80 million, a PE ratio of -11.89 and a beta of 0.98. Ellomay Capital has a 52-week low of $16.09 and a 52-week high of $30.34. The business’s 50 day moving average price is $19.55 and its two-hundred day moving average price is $23.09. The company has a debt-to-equity ratio of 3.62, a quick ratio of 1.40 and a current ratio of 1.40.

Institutional Investors Weigh In On Ellomay Capital

An institutional investor recently raised its stake in Ellomay Capital stock. JPMorgan Chase & Co. grew its stake in shares of Ellomay Capital Ltd. (NYSEAMERICAN:ELLO) by 39.6% during the 3rd quarter, according to its most recent Form 13F filing 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 period. 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 and hedge funds.

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.