Scully Royalty (NYSE:SRL) Stock Passes Below Fifty Day Moving Average – Time to Sell?

Scully Royalty Ltd. (NYSE:SRL)’s stock price passed below its fifty day moving average during trading on Thursday . The stock has a fifty day moving average of $5.82 and traded as low as $4.94. Scully Royalty shares last traded at $5.0250, with a volume of 6,471 shares traded.

Analyst Ratings Changes

Separately, Weiss Ratings cut shares of Scully Royalty from a “sell (d+)” rating to a “sell (d)” rating in a research report on Tuesday, June 16th. One investment analyst has rated the stock with a Sell rating, According to data from MarketBeat.com, the stock has an average rating of “Sell”.

Scully Royalty Stock Performance

The business has a 50 day moving average of $5.82 and a 200-day moving average of $7.22.

Hedge Funds Weigh In On Scully Royalty

An institutional investor recently bought a new position in Scully Royalty stock. Barclays PLC purchased a new stake in Scully Royalty Ltd. (NYSE:SRL) in the 4th quarter, according to the company in its most recent filing with the SEC. The institutional investor purchased 29,100 shares of the financial services provider’s stock, valued at approximately $249,000. Barclays PLC owned about 0.20% of Scully Royalty at the end of the most recent reporting period. 41.96% of the stock is currently owned by institutional investors and hedge funds.

About Scully Royalty

Scully Royalty Ltd. is a mineral royalty company that acquires, owns and manages a diversified portfolio of oil and gas royalty and overriding royalty interests in key onshore producing regions of the United States. As a royalty owner, the company receives a percentage of production revenue from its assets without assuming the operational and capital expenditure burdens associated with exploration and development.

The company’s portfolio spans multiple established hydrocarbon basins, including conventional and unconventional plays.