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

Shares of Ellomay Capital Ltd. (NYSEAMERICAN:ELLOGet Free Report) passed above its 50 day moving average during trading on Monday . The stock has a 50 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 traded.

Ellomay Capital Stock Down 2.7 %

The company has a current ratio of 0.87, a quick ratio of 0.87 and a debt-to-equity ratio of 3.24. The stock has a market capitalization of $205.60 million, a price-to-earnings ratio of -33.33 and a beta of 1.20.

Institutional Trading of Ellomay Capital

A hedge fund recently raised its stake in Ellomay Capital stock. Clal Insurance Enterprises Holdings Ltd raised its holdings in shares of Ellomay Capital Ltd. (NYSEAMERICAN:ELLOFree Report) by 2.2% in the 3rd quarter, according to its most recent 13F filing with the SEC. The fund owned 1,603,265 shares of the utilities provider’s stock after acquiring an additional 34,596 shares during the period. 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. Hedge funds and other institutional investors own 27.54% of the company’s stock.

About Ellomay Capital

(Get Free Report)

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.

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