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Ellomay Capital (NYSEAMERICAN:ELLO) Share Price Passes Above Fifty Day Moving Average - Should You Sell?

Ellomay Capital logo with Utilities background

Ellomay Capital Ltd. (NYSEAMERICAN:ELLO - Get Free Report)'s share price passed above its 50 day moving average during trading on Friday . The stock has a 50 day moving average of $0.00 and traded as high as $15.00. Ellomay Capital shares last traded at $15.00, with a volume of 190 shares trading hands.

Ellomay Capital Price Performance

The stock has a market capitalization of $204.56 million, a PE ratio of -32.76 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.

Institutional Trading of Ellomay Capital

A hedge fund recently raised its stake in Ellomay Capital stock. JPMorgan Chase & Co. raised its position in shares of Ellomay Capital Ltd. (NYSEAMERICAN:ELLO - Free Report) by 161.6% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 3,728 shares of the utilities provider's stock after acquiring an additional 2,303 shares during the quarter. JPMorgan Chase & Co.'s holdings in Ellomay Capital were worth $61,000 as of its most recent SEC filing. 27.54% of the stock is owned by institutional investors and hedge funds.

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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