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

Ellomay Capital Ltd. (NYSEAMERICAN:ELLO) crossed above its 50-day moving average during trading on Wednesday . The stock has a 50-day moving average of $0.00 and traded as high as $12.06. Ellomay Capital shares last traded at $11.53, with a volume of 11,004 shares trading hands.

Ellomay Capital Stock Down 4.6 %

The company has a market capitalization of $148.16 million, a PE ratio of -24.53 and a beta of 1.25. The company has a quick ratio of 1.06, a current ratio of 1.06 and a debt-to-equity ratio of 3.16.

Ellomay Capital (NYSEAMERICAN:ELLO) last posted its earnings results on Sunday, June 30th. The utilities provider reported ($0.34) earnings per share for the quarter. The business had revenue of $8.91 million during the quarter. Ellomay Capital had a net margin of 3.24% and a return on equity of 3.01%.

Institutional Trading of 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) by 54.7% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 1,512,554 shares of the utilities provider’s stock after buying an additional 534,554 shares during the quarter. Clal Insurance Enterprises Holdings Ltd owned about 11.77% of Ellomay Capital worth $22,580,000 as of its most recent SEC filing. 27.54% of the stock is currently owned by institutional investors and hedge funds.

Ellomay Capital Company Profile

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