Scully Royalty Ltd. (NYSE:SRL – Get Free Report) shares crossed below its fifty day moving average during trading on Thursday . The stock has a fifty day moving average of $6.03 and traded as low as $5.33. Scully Royalty shares last traded at $5.4090, with a volume of 52,797 shares changing hands.
Analyst Ratings Changes
Separately, Weiss Ratings downgraded shares of Scully Royalty from a “sell (d+)” rating to a “sell (d)” rating in a research note on Tuesday, June 16th. One equities research analyst has rated the stock with a Sell rating, According to MarketBeat, Scully Royalty has an average rating of “Sell”.
Read Our Latest Stock Report on Scully Royalty
Scully Royalty Price Performance
Institutional Trading of Scully Royalty
A hedge fund recently raised its position in Scully Royalty stock. Renaissance Technologies LLC raised its stake in Scully Royalty Ltd. (NYSE:SRL – Free Report) by 41.0% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 68,114 shares of the financial services provider’s stock after purchasing an additional 19,800 shares during the period. Renaissance Technologies LLC owned about 0.46% of Scully Royalty worth $533,000 as of its most recent filing with the Securities and Exchange Commission (SEC). 41.96% of the stock is currently owned by hedge funds and other institutional investors.
Scully Royalty Company Profile
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.
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