Ellomay Capital (NYSEAMERICAN:ELLO) Shares Pass Above 50 Day Moving Average – Here’s What Happened

Ellomay Capital Ltd. (NYSEAMERICAN:ELLO)’s stock price passed above its 50-day moving average during trading on Friday . The stock has a 50-day moving average of $20.23 and traded as high as $20.45. Ellomay Capital shares last traded at $19.60, with a volume of 3,895 shares trading hands.

Ellomay Capital Stock Down 1.0%

The firm has a market capitalization of $270.09 million, a price-to-earnings ratio of -11.40 and a beta of 0.98. The business has a 50 day simple moving average of $20.23 and a 200-day simple moving average of $23.73. The company has a debt-to-equity ratio of 3.62, a quick ratio of 1.40 and a current ratio of 1.40.

Ellomay Capital (NYSEAMERICAN:ELLO) last announced its quarterly earnings results on Saturday, May 16th. The utilities provider reported ($0.88) earnings per share for the quarter. Ellomay Capital had a negative net margin of 45.04% and a negative return on equity of 12.39%. The firm had revenue of $10.03 million for the quarter.

Institutional Trading of Ellomay Capital

A hedge fund recently raised its stake in Ellomay Capital stock. JPMorgan Chase & Co. increased its position in shares of Ellomay Capital Ltd. (NYSEAMERICAN:ELLO) by 39.6% during the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 3,601 shares of the utilities provider’s stock after buying an additional 1,021 shares during the quarter. JPMorgan Chase & Co.’s holdings in Ellomay Capital were worth $65,000 at the end of the most recent reporting period. 27.54% of the stock is currently owned by institutional investors and hedge funds.

About Ellomay Capital

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.