Ellomay Capital (NYSEAMERICAN:ELLO) Share Price Crosses Above 50 Day Moving Average of $0.00

Ellomay Capital Ltd. (NYSEAMERICAN:ELLO)’s share price passed 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 $15.02. Ellomay Capital shares last traded at $14.92, with a volume of 2,237 shares changing hands.

Ellomay Capital Stock Up 2.8 %

The company has a debt-to-equity ratio of 3.16, a quick ratio of 1.04 and a current ratio of 1.06. The firm has a market cap of $191.72 million, a price-to-earnings ratio of 114.78 and a beta of 1.30.

Hedge Funds Weigh In On Ellomay Capital

A number of hedge funds have recently made changes to their positions in ELLO. Clal Insurance Enterprises Holdings Ltd increased its position in shares of Ellomay Capital by 54.7% during the 4th quarter. Clal Insurance Enterprises Holdings Ltd now owns 1,512,554 shares of the utilities provider’s stock worth $22,580,000 after purchasing an additional 534,554 shares in the last quarter. Yelin Lapidot Holdings Management Ltd. acquired a new stake in shares of Ellomay Capital during the 3rd quarter worth about $1,711,000. Finally, UBS Group AG increased its position in shares of Ellomay Capital by 20,486.8% during the 1st quarter. UBS Group AG now owns 18,734 shares of the utilities provider’s stock worth $476,000 after purchasing an additional 18,643 shares in the last quarter. Institutional investors and hedge funds own 27.54% of the company’s stock.

Ellomay Capital Company Profile

Ellomay Capital Ltd., together with its subsidiaries, engages in the production of renewable and clean energy in Israel, Italy, Spain, and the Netherlands. The company owns seven photovoltaic (PV) plants comprising five PV plants in Spain with an aggregate installed capacity of approximately 35.9 megawatts (MW); one PV plant with a peak capacity of 300 MW in the municipality of Talaván, Spain; and one PV plant in Israel with an installed capacity of approximately 9 MW.