On 4/16/24, Ellomay Capital Ltd (NYSEAMERICAN: ELLO) stock suffered a major decline of -10.9%, closing at $14.51. Moreover, this decline was accompanied by exceptionally high trading volume at 369% of normal. Relative to the market the stock has been strong over the last nine months but has declined -10.8% during the last week.
Current PriceTarget Research Rating
ELLO is expected to continue to be Value Creation neutral reflecting capital returns that are forecasted to be in line with the cost of capital.
Ellomay Capital has a current Value Trend Rating of D (Negative). The Value Trend Rating reflects inconsistent signals from PTR’s two proprietary measures of a stock’s attractiveness. Ellomay Capital has a very low Appreciation Score of 14 but a neutral Power Rating of 54, resulting in the Negative Value Trend Rating.
Rating Review
In light of this highly negative price change we are reviewing our current Overall Rating of D. This review will be completed in the next several days.
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