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

Ellomay Capital Ltd. (NYSEAMERICAN:ELLO)’s stock price crossed above its fifty day moving average during trading on Friday . The stock has a fifty day moving average of $0.00 and traded as high as $16.10. Ellomay Capital shares last traded at $15.60, with a volume of 1,174 shares.

Ellomay Capital Trading Down 2.9 %

The firm has a market capitalization of $200.46 million, a PE ratio of -32.50 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

An institutional investor recently raised its position in Ellomay Capital stock. Clal Insurance Enterprises Holdings Ltd boosted its holdings in shares of Ellomay Capital Ltd. (NYSEAMERICAN:ELLO) by 2.2% in the third quarter, according to its most recent filing with the Securities and Exchange Commission. The firm 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 12.48% of Ellomay Capital worth $18,357,000 at the end of the most recent quarter. 27.54% of the stock is owned by institutional investors.

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.