Scully Royalty (NYSE:SRL) Stock Crosses Above 50-Day Moving Average – Time to Sell?

Shares of Scully Royalty Ltd. (NYSE:SRL) crossed above its fifty day moving average during trading on Friday . The stock has a fifty day moving average of $5.76 and traded as high as $5.83. Scully Royalty shares last traded at $5.74, with a volume of 8,863 shares.

Analyst Upgrades and Downgrades

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

Scully Royalty Stock Up 1.1%

The stock’s fifty day simple moving average is $5.76 and its two-hundred day simple moving average is $7.13.

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 shares of Scully Royalty Ltd. (NYSE:SRL) during the 4th quarter, according to its most recent 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 filing with the SEC. 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.