Scully Royalty (NYSE:SRL) Stock Price Crosses Below Fifty Day Moving Average – What’s Next?

Scully Royalty Ltd. (NYSE:SRL)’s share price passed below its 50 day moving average during trading on Friday . The stock has a 50 day moving average of $7.89 and traded as low as $7.72. Scully Royalty shares last traded at $7.72, with a volume of 3,466 shares trading hands.

Scully Royalty Trading Down 1.4 %

The stock has a fifty day moving average of $7.89 and a two-hundred day moving average of $7.79.

Scully Royalty Cuts Dividend

The business also recently declared a — dividend, which was paid on Friday, February 21st. Stockholders of record on Friday, January 24th were issued a $0.26 dividend. The ex-dividend date was Friday, January 24th.

Institutional Trading of Scully Royalty

An institutional investor recently bought a new position in Scully Royalty stock. SVB Wealth LLC purchased a new stake in shares of Scully Royalty Ltd. (NYSE:SRL) in the fourth quarter, according to its most recent filing with the SEC. The firm purchased 22,455 shares of the financial services provider’s stock, valued at approximately $208,000. SVB Wealth LLC owned 0.15% of Scully Royalty at the end of the most recent quarter. Institutional investors own 41.96% of the company’s stock.

About Scully Royalty

Scully Royalty Ltd. operates as an iron ore mining company in the Americas, Africa, Canada, Asia, and Europe. It operates through three segments: Royalty, Industrial, and Merchant Banking. The company holds royalty interest in the Scully iron ore mine located in the Province of Newfoundland and Labrador, Canada.