Ellomay Capital (NYSEAMERICAN:ELLO) Share Price Passes Below 50-Day Moving Average – Time to Sell?

Ellomay Capital Ltd. (NYSEAMERICAN:ELLO)’s share price passed below its 50-day moving average during trading on Thursday . The stock has a 50-day moving average of $20.60 and traded as low as $18.69. Ellomay Capital shares last traded at $19.00, with a volume of 6,132 shares traded.

Ellomay Capital Stock Up 1.9%

The company has a market cap of $266.92 million, a PE ratio of -11.26 and a beta of 0.98. The stock has a 50-day moving average of $20.53 and a 200-day moving average of $23.99. The company has a quick ratio of 1.40, a current ratio of 1.40 and a debt-to-equity ratio of 3.62.

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

Institutional Inflows and Outflows

A hedge fund recently raised its position in Ellomay Capital stock. JPMorgan Chase & Co. increased its stake in Ellomay Capital Ltd. (NYSEAMERICAN:ELLO) by 39.6% during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 3,601 shares of the utilities provider’s stock after purchasing an additional 1,021 shares during the period. JPMorgan Chase & Co.’s holdings in Ellomay Capital were worth $65,000 as of its most recent SEC filing. Institutional investors and hedge funds own 27.54% of the company’s stock.

Ellomay Capital Company Profile

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.