Ellomay Capital (NYSEAMERICAN:ELLO) Stock Price Passes Above 50 Day Moving Average - Should You Sell?

Key Points

• Ellomay Capital's stock price has recently surpassed its 50-day moving average, with shares trading at $18.01 after hitting a high of $18.29.
• The company's market capitalization stands at $248.18 million and it has a PE ratio of 56.28, indicating relatively high valuation metrics.
• Recent institutional investment includes Edmond DE Rothschild Holding S.A. acquiring 1,715 shares, contributing to a total of 27.54% of the stock being owned by institutional investors.

Ellomay Capital Ltd. (NYSEAMERICAN:ELLO - Get Free Report)'s share price crossed above its 50-day moving average during trading on Tuesday . The stock has a 50-day moving average of $17.86 and traded as high as $18.29. Ellomay Capital shares last traded at $18.01, with a volume of 1,926 shares.

Ellomay Capital Stock Up 1.9%

The company has a market cap of $248.18 million, a PE ratio of 56.28 and a beta of 0.78. The company has a debt-to-equity ratio of 3.74, a current ratio of 0.99 and a quick ratio of 0.99. The firm has a 50-day simple moving average of $17.86 and a two-hundred day simple moving average of $16.24.

Ellomay Capital (NYSEAMERICAN:ELLO - Get Free Report) last announced its quarterly earnings data on Monday, June 30th. The utilities provider reported $0.62 EPS for the quarter. Ellomay Capital had a return on equity of 4.20% and a net margin of 14.39%.

Institutional Investors Weigh In On Ellomay Capital

An institutional investor recently bought a new position in Ellomay Capital stock. Edmond DE Rothschild Holding S.A. acquired a new stake in Ellomay Capital Ltd. (NYSEAMERICAN:ELLO - Free Report) in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund acquired 1,715 shares of the utilities provider's stock, valued at approximately $31,000. 27.54% of the stock is currently owned by hedge funds and other 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.

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