Ellomay Capital (NYSEAMERICAN:ELLO) Share Price Crosses Above 50-Day Moving Average – Should You Sell?

Ellomay Capital Ltd. (NYSEAMERICAN:ELLO) passed above its fifty day moving average during trading on Thursday . The stock has a fifty day moving average of $0.00 and traded as high as $16.01. Ellomay Capital shares last traded at $15.90, with a volume of 3,079 shares changing hands.

Ellomay Capital Stock Up 6.4 %

The firm has a market cap of $217.29 million, a price-to-earnings ratio of -35.23 and a beta of 1.20. The company has a debt-to-equity ratio of 3.24, a current ratio of 0.87 and a quick ratio of 0.87.

Hedge Funds Weigh In On Ellomay Capital

A hedge fund recently raised its stake in Ellomay Capital stock. Clal Insurance Enterprises Holdings Ltd lifted its holdings in shares of Ellomay Capital Ltd. (NYSEAMERICAN:ELLO) by 2.2% in the third quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 1,603,265 shares of the utilities provider’s stock after buying an additional 34,596 shares during the period. Clal Insurance Enterprises Holdings Ltd owned about 12.48% of Ellomay Capital worth $18,357,000 as of its most recent filing with the SEC. 27.54% of the stock is currently owned by institutional investors and hedge funds.

About Ellomay Capital

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.