Ellomay Capital (NYSEAMERICAN:ELLO) Stock Passes Above 50-Day Moving Average – Time to Sell?

Ellomay Capital Ltd. (NYSEAMERICAN:ELLO)’s share price crossed above its 50-day moving average during trading on Wednesday . The stock has a 50-day moving average of $0.00 and traded as high as $15.91. Ellomay Capital shares last traded at $15.91, with a volume of 1,277 shares trading hands.

Ellomay Capital Stock Performance

The stock has a market cap of $204.44 million, a P/E ratio of -33.15 and a beta of 1.20. The company has a current ratio of 0.87, a quick ratio of 0.87 and a debt-to-equity ratio of 3.24.

Institutional Inflows and Outflows

A hedge fund recently raised its stake in Ellomay Capital stock. JPMorgan Chase & Co. increased its stake in Ellomay Capital Ltd. (NYSEAMERICAN:ELLO) by 161.6% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & 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 as of its most recent SEC filing. 27.54% of the stock is currently owned by institutional investors and hedge funds.

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.