Ellomay Capital (NYSEAMERICAN:ELLO) Stock Passes Above 50 Day Moving Average – Should You Sell?

Ellomay Capital Ltd. (NYSEAMERICAN:ELLO) shares 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 $16.10. Ellomay Capital shares last traded at $15.60, with a volume of 1,174 shares trading hands.

Ellomay Capital Price Performance

The company has a quick ratio of 0.87, a current ratio of 0.87 and a debt-to-equity ratio of 3.24. The stock has a market cap of $200.46 million, a PE ratio of -32.50 and a beta of 1.20.

Hedge Funds Weigh In On Ellomay Capital

An institutional investor recently raised its position in Ellomay Capital stock. Clal Insurance Enterprises Holdings Ltd grew its position in shares of Ellomay Capital Ltd. (NYSEAMERICAN:ELLO) by 2.2% in the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 1,603,265 shares of the utilities provider’s stock after acquiring an additional 34,596 shares during the quarter. Clal Insurance Enterprises Holdings Ltd owned 12.48% of Ellomay Capital worth $18,357,000 at the end of the most recent reporting period. 27.54% of the stock is owned by hedge funds and other institutional investors.

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.