Ellomay Capital (NYSEAMERICAN:ELLO) Shares Pass Above 50 Day Moving Average of $0.00

Shares of Ellomay Capital Ltd. (NYSEAMERICAN:ELLO) crossed above its 50 day moving average during trading on Thursday . The stock has a 50 day moving average of $0.00 and traded as high as $11.73. Ellomay Capital shares last traded at $11.61, with a volume of 2,646 shares trading hands.

Ellomay Capital Stock Performance

The company has a market capitalization of $149.19 million, a price-to-earnings ratio of -24.70 and a beta of 1.25. 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) last announced its earnings results on Sunday, June 30th. The utilities provider reported ($0.34) earnings per share for the quarter. Ellomay Capital had a negative return on equity of 2.67% and a negative net margin of 12.19%. The firm had revenue of $8.91 million for the quarter.

Hedge Funds Weigh In On Ellomay Capital

A hedge fund recently raised its stake in Ellomay Capital stock. Clal Insurance Enterprises Holdings Ltd raised its stake in Ellomay Capital Ltd. (NYSEAMERICAN:ELLO) by 54.7% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 1,512,554 shares of the utilities provider’s stock after purchasing an additional 534,554 shares during the period. Clal Insurance Enterprises Holdings Ltd owned 11.77% of Ellomay Capital worth $22,580,000 as of its most recent SEC filing. 27.54% of the stock is owned by institutional investors.

About Ellomay Capital

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.