Ellomay Capital (NYSEAMERICAN:ELLO) Stock Passes Above Fifty Day Moving Average – Time to Sell?

Shares of Ellomay Capital Ltd. (NYSEAMERICAN:ELLO) passed above its 50 day moving average during trading on Wednesday . The stock has a 50 day moving average of $14.93 and traded as high as $17.09. Ellomay Capital shares last traded at $16.88, with a volume of 9,308 shares.

Ellomay Capital Price Performance

The company has a debt-to-equity ratio of 3.54, a current ratio of 0.73 and a quick ratio of 0.73. The business has a fifty day moving average of $14.93.

Hedge Funds Weigh In On Ellomay Capital

A hedge fund recently raised its stake in Ellomay Capital stock. JPMorgan Chase & Co. raised its position in shares of Ellomay Capital Ltd. (NYSEAMERICAN:ELLO) by 161.6% in the fourth quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 3,728 shares of the utilities provider’s stock after purchasing an additional 2,303 shares during the quarter. JPMorgan Chase & Co.’s holdings in Ellomay Capital were worth $61,000 as of its most recent SEC filing. 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.