Ellomay Capital (NYSEAMERICAN:ELLO) Stock Passes Above 50-Day Moving Average – What’s Next?
by Mitch Edgeman · The Markets DailyEllomay Capital Ltd. (NYSEAMERICAN:ELLO – Get Free Report)’s stock price passed above its 50-day moving average during trading on Wednesday . The stock has a 50-day moving average of $26.76 and traded as high as $27.43. Ellomay Capital shares last traded at $26.79, with a volume of 1,740 shares changing hands.
Ellomay Capital Stock Down 5.4%
The company has a market capitalization of $338.30 million, a price-to-earnings ratio of 818.33 and a beta of 1.02. The company has a current ratio of 1.18, a quick ratio of 1.18 and a debt-to-equity ratio of 3.04. The firm’s 50 day simple moving average is $26.75 and its 200-day simple moving average is $22.40.
Ellomay Capital (NYSEAMERICAN:ELLO – Get Free Report) last issued its earnings results on Monday, December 1st. The utilities provider reported $4.45 earnings per share (EPS) for the quarter. Ellomay Capital had a return on equity of 0.50% and a net margin of 1.83%.The business had revenue of $278.16 million during the quarter.
Institutional Investors Weigh In On Ellomay Capital
Institutional investors have recently made changes to their positions in the stock. Edmond DE Rothschild Holding S.A. purchased a new position in shares of Ellomay Capital in the 2nd quarter valued at about $31,000. JPMorgan Chase & Co. boosted its holdings in Ellomay Capital by 39.6% during the third quarter. JPMorgan Chase & Co. now owns 3,601 shares of the utilities provider’s stock worth $65,000 after buying an additional 1,021 shares in the last quarter. Yelin Lapidot Holdings Management Ltd. grew its position in Ellomay Capital by 75.5% during the fourth quarter. Yelin Lapidot Holdings Management Ltd. now owns 193,565 shares of the utilities provider’s stock worth $4,704,000 after buying an additional 83,300 shares during the period. Menora Mivtachim Holdings LTD. acquired a new position in Ellomay Capital during the third quarter worth about $17,019,000. Finally, Clal Insurance Enterprises Holdings Ltd increased its holdings in Ellomay Capital by 4.6% in the third quarter. Clal Insurance Enterprises Holdings Ltd now owns 1,594,224 shares of the utilities provider’s stock valued at $28,276,000 after buying an additional 70,180 shares in the last quarter. 27.54% of the stock is currently owned by hedge funds and other institutional investors.
About Ellomay Capital
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.