It Seems Ellomay Capital Ltd. (ELLO) Will Go Up. Just Reaches 52-Week High

June 19, 2017 - By Adrian Erickson

The stock of Ellomay Capital Ltd. (NYSEMKT:ELLO) hit a new 52-week high and has $9.42 target or 7.00 % above today’s $8.80 share price. The 8 months bullish chart indicates low risk for the $97.45M company. The 1-year high was reported on Jun, 19 by Barchart.com. If the $9.42 price target is reached, the company will be worth $6.82M more.
The 52-week high event is an important milestone for every stock because it shows very positive momentum and is time when buyers come in. During such notable technical setup, fundamental investors usually stay away and are careful shorting or selling the stock.

About shares traded. Ellomay Capital Ltd. (NYSEMKT:ELLO) has declined 9.38% since June 19, 2016 and is downtrending. It has underperformed by 26.08% the S&P500.

More notable recent Ellomay Capital Ltd. (NYSEMKT:ELLO) news were published by: Prnewswire.com which released: “Ellomay Capital Announces Grant of a Conditional License to the Manara Cliff …” on August 31, 2016, also Prnewswire.com with their article: “Ellomay Capital Announces its Entry into the Israeli Photovoltaic Market” published on June 07, 2017, Prnewswire.com published: “Ellomay Capital Announces Entry into an SPA to Acquire a Spanish Company …” on April 30, 2017. More interesting news about Ellomay Capital Ltd. (NYSEMKT:ELLO) were released by: Prnewswire.com and their article: “Ellomay Capital Announces Entry Into The Netherlands Renewable Energy Market” published on August 09, 2016 as well as Prnewswire.com‘s news article titled: “Ellomay Capital Reports Publication of Financial Results of Dorad Energy Ltd …” with publication date: May 30, 2017.

Ellomay Capital Ltd. is engaged in the business of energy and infrastructure, and its activities primarily include production of renewable and clean energy. The company has market cap of $97.45 million. The Firm owns approximately 16 photovoltaic plants that are connected to their respective national grids and operates as over 12 photovoltaic plants in Italy with an aggregate installed capacity of over 22.6 megawatt peak (MWp) and over four photovoltaic plants in Spain with an aggregate installed capacity of approximately 7.9 MWp. It currently has negative earnings. In addition, it owns an interest in Dorad Energy Ltd. (Dorad), and holds an option to increase its indirect holdings in Dorad under certain conditions.

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