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

Shares of Ellomay Capital Ltd. (NYSEAMERICAN:ELLO) passed above its fifty day moving average during trading on Thursday . The stock has a fifty day moving average of $0.00 and traded as high as $16.01. Ellomay Capital shares last traded at $15.90, with a volume of 3,079 shares trading hands.

Ellomay Capital Price Performance

The company has a current ratio of 0.87, a quick ratio of 0.87 and a debt-to-equity ratio of 3.24. The company has a market cap of $217.29 million, a P/E ratio of -35.23 and a beta of 1.20.

Institutional Trading of Ellomay Capital

An institutional investor recently raised its position in Ellomay Capital stock. JPMorgan Chase & Co. boosted its position in Ellomay Capital Ltd. (NYSEAMERICAN:ELLO) by 161.6% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 3,728 shares of the utilities provider’s stock after purchasing 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. Institutional investors own 27.54% of the company’s stock.

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.