Scully Royalty (NYSE:SRL) Stock Price Passes Below Fifty Day Moving Average – Should You Sell?

Scully Royalty Ltd. (NYSE:SRL) shares crossed below its 50 day moving average during trading on Thursday . The stock has a 50 day moving average of $8.70 and traded as low as $8.64. Scully Royalty shares last traded at $9.09, with a volume of 48,807 shares changing hands.

Analysts Set New Price Targets

Separately, Weiss Ratings reiterated a “sell (d)” rating on shares of Scully Royalty in a research report on Wednesday, January 21st. One equities research analyst has rated the stock with a Sell rating, According to MarketBeat, the company has an average rating of “Sell”.

Scully Royalty Price Performance

The company has a debt-to-equity ratio of 0.13, a current ratio of 5.10 and a quick ratio of 5.10. The business’s 50-day moving average price is $8.70 and its two-hundred day moving average price is $6.83.

Scully Royalty (NYSE:SRL) last posted its quarterly earnings data on Wednesday, December 31st. The financial services provider reported ($0.05) EPS for the quarter. The business had revenue of $6.82 million during the quarter.

Institutional Investors Weigh In On Scully Royalty

A hedge fund recently bought a new stake in Scully Royalty stock. Barclays PLC bought a new stake in Scully Royalty Ltd. (NYSE:SRL) during the 4th quarter, according to its most recent Form 13F filing with the SEC. The firm bought 29,100 shares of the financial services provider’s stock, valued at approximately $249,000. Barclays PLC owned 0.20% of Scully Royalty as of its most recent SEC filing. Hedge funds and other institutional investors own 41.96% of the company’s stock.

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.