Ellomay Capital (NYSEAMERICAN:ELLO) Share Price Passes Above Fifty Day Moving Average – What’s Next?

Shares of Ellomay Capital Ltd. (NYSEAMERICAN:ELLO) crossed above its fifty day moving average during trading on Monday . The stock has a fifty day moving average of $0.00 and traded as high as $16.00. Ellomay Capital shares last traded at $16.00, with a volume of 637 shares.

Ellomay Capital Stock 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 firm has a market cap of $205.60 million, a price-to-earnings ratio of -33.33 and a beta of 1.20.

Institutional Investors Weigh In On Ellomay Capital

An institutional investor recently raised its position in Ellomay Capital stock. Clal Insurance Enterprises Holdings Ltd lifted its holdings in Ellomay Capital Ltd. (NYSEAMERICAN:ELLO) by 2.2% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor 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 approximately 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 institutional investors and hedge funds.

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.