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

Ellomay Capital Ltd. (NYSEAMERICAN:ELLO)’s share price crossed above its fifty day moving average during trading on Friday . The stock has a fifty day moving average of $0.00 and traded as high as $16.10. Ellomay Capital shares last traded at $15.60, with a volume of 1,174 shares changing hands.

Ellomay Capital Stock Performance

The firm has a market cap of $200.46 million, a PE ratio of -32.50 and a beta of 1.20. The company has a quick ratio of 0.87, a current ratio of 0.87 and a debt-to-equity ratio of 3.24.

Institutional Investors Weigh In On Ellomay Capital

A hedge fund recently raised its stake in Ellomay Capital stock. JPMorgan Chase & Co. lifted its stake in Ellomay Capital Ltd. (NYSEAMERICAN:ELLO) by 161.6% during the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 3,728 shares of the utilities provider’s stock after acquiring 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 reporting period. Institutional investors and hedge funds own 27.54% of the company’s stock.

About Ellomay Capital

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.