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Ellomay Capital (NYSEAMERICAN:ELLO) Share Price Crosses Above 50 Day Moving Average - Here's Why

Ellomay Capital logo with Utilities background

Ellomay Capital Ltd. (NYSEAMERICAN:ELLO - Get Free Report)'s stock price crossed above its fifty day moving average during trading on Wednesday . The stock has a fifty day moving average of $14.99 and traded as high as $16.89. Ellomay Capital shares last traded at $15.45, with a volume of 7,668 shares.

Ellomay Capital Price Performance

The firm has a market cap of $198.53 million, a P/E ratio of -32.19 and a beta of 1.20. The firm has a fifty day simple moving average of $14.99. The company has a debt-to-equity ratio of 3.24, a quick ratio of 0.87 and a current ratio of 0.87.

Hedge Funds Weigh In On Ellomay Capital

An institutional investor recently raised its position in Ellomay Capital stock. JPMorgan Chase & Co. boosted its position in Ellomay Capital Ltd. (NYSEAMERICAN:ELLO - Free Report) by 161.6% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 3,728 shares of the utilities provider's stock after buying an additional 2,303 shares during the period. JPMorgan Chase & Co.'s holdings in Ellomay Capital were worth $61,000 at the end of the most recent quarter. Institutional investors and hedge funds own 27.54% of the company's stock.

Ellomay Capital Company Profile

(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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