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

Ellomay Capital logo with Utilities background

Ellomay Capital Ltd. (NYSEAMERICAN:ELLO - Get Free Report) crossed above its 50 day moving average during trading on Friday . The stock has a 50 day moving average of $14.81 and traded as high as $15.34. Ellomay Capital shares last traded at $15.00, with a volume of 3,431 shares changing hands.

Ellomay Capital Stock Down 1.9%

The stock's 50 day moving average is $14.81. The company has a debt-to-equity ratio of 3.24, a current ratio of 0.87 and a quick ratio of 0.87. The stock has a market cap of $183.63 million, a P/E ratio of -29.77 and a beta of 1.20.

Institutional Inflows and Outflows

A hedge fund recently raised its stake in Ellomay Capital stock. JPMorgan Chase & Co. boosted its holdings in shares of Ellomay Capital Ltd. (NYSEAMERICAN:ELLO - Free Report) by 161.6% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 3,728 shares of the utilities provider's stock after buying an additional 2,303 shares during the quarter. JPMorgan Chase & Co.'s holdings in Ellomay Capital were worth $61,000 at the end of the most recent reporting period. 27.54% of the stock is currently 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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