Ellomay Capital (NYSEAMERICAN:ELLO) Stock Price Passes Above 50 Day Moving Average – Time to Sell?

Ellomay Capital Ltd. (NYSEAMERICAN:ELLO)’s stock price passed above its 50-day moving average during trading on Wednesday . The stock has a 50-day moving average of $18.77 and traded as high as $22.50. Ellomay Capital shares last traded at $20.80, with a volume of 5,245 shares changing hands.

Ellomay Capital Stock Up 0.8%

The firm has a 50-day simple moving average of $18.77 and a 200 day simple moving average of $17.12. The company has a debt-to-equity ratio of 3.18, a current ratio of 1.24 and a quick ratio of 1.24. The company has a market capitalization of $286.62 million, a PE ratio of -56.21 and a beta of 0.79.

Institutional Trading of Ellomay Capital

An institutional investor recently bought a new position in Ellomay Capital stock. Edmond DE Rothschild Holding S.A. bought a new stake in shares of Ellomay Capital Ltd. (NYSEAMERICAN:ELLO) in the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm bought 1,715 shares of the utilities provider’s stock, valued at approximately $31,000. Institutional investors own 27.54% of the company’s stock.

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.