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Ellomay Capital (NYSEAMERICAN:ELLO) Stock Price Passes Below Fifty Day Moving Average - What's Next?

Ellomay Capital logo with Utilities background

Key Points

  • Ellomay Capital's stock price has fallen below its 50-day moving average of $17.84, with recent trading showing a low of $17.56 and last trading at $17.60.
  • The company reported quarterly earnings of $0.62 earnings per share (EPS) with a net margin of 14.39% and a return on equity of 4.20%.
  • Institutional investors, including a hedge fund, own 27.54% of Ellomay Capital's stock, with recent purchases valued at approximately $31,000.
  • MarketBeat previews the top five stocks to own by October 1st.

Ellomay Capital Ltd. (NYSEAMERICAN:ELLO - Get Free Report)'s stock price passed below its 50 day moving average during trading on Monday . The stock has a 50 day moving average of $17.84 and traded as low as $17.56. Ellomay Capital shares last traded at $17.60, with a volume of 357 shares traded.

Ellomay Capital Stock Performance

The firm has a fifty day simple moving average of $17.84 and a 200-day simple moving average of $16.18. The company has a current ratio of 0.99, a quick ratio of 0.99 and a debt-to-equity ratio of 3.74. The stock has a market cap of $242.53 million, a price-to-earnings ratio of 55.00 and a beta of 0.78.

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

Institutional Inflows and Outflows

A hedge fund recently bought a new stake in Ellomay Capital stock. Edmond DE Rothschild Holding S.A. bought a new stake in shares of Ellomay Capital Ltd. (NYSEAMERICAN:ELLO - Free Report) in the 2nd quarter, according to the company in its most recent filing with the SEC. The fund bought 1,715 shares of the utilities provider's stock, valued at approximately $31,000. Institutional investors and hedge funds 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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