Scully Royalty Ltd. (NYSE:SRL – Get Free Report)’s share price crossed below its 50 day moving average during trading on Thursday . The stock has a 50 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 traded.
Analyst Ratings Changes
Separately, Weiss Ratings downgraded Scully Royalty from a “sell (d+)” rating to a “sell (d)” rating in a research note on Tuesday, June 16th. One research analyst has rated the stock with a Sell rating, Based on data from MarketBeat, Scully Royalty currently has a consensus rating of “Sell”.
Read Our Latest Stock Analysis on SRL
Scully Royalty Price Performance
Institutional Investors Weigh In On Scully Royalty
A hedge fund recently raised its stake in Scully Royalty stock. Renaissance Technologies LLC grew its stake in shares of Scully Royalty Ltd. (NYSE:SRL – Free Report) by 41.0% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm 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 approximately 0.46% of Scully Royalty worth $533,000 as of its most recent filing with the Securities and Exchange Commission. Institutional investors own 41.96% of the company’s stock.
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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