Scully Royalty (NYSE:SRL) Stock Price Passes Below 50-Day Moving Average – What’s Next?

Scully Royalty Ltd. (NYSE:SRL) shares passed below its fifty day moving average during trading on Friday . The stock has a fifty day moving average of $5.90 and traded as low as $5.87. Scully Royalty shares last traded at $6.0190, with a volume of 12,747 shares changing hands.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings reiterated a “sell (d)” rating on shares of Scully Royalty in a research report on Wednesday, October 8th. One equities research analyst has rated the stock with a Sell rating, According to MarketBeat.com, the company currently has a consensus rating of “Sell”.

Scully Royalty Stock Up 0.5%

The stock’s fifty day moving average price is $5.90 and its 200-day moving average price is $5.89.

Institutional Investors Weigh In On Scully Royalty

An institutional investor recently bought a new position in Scully Royalty stock. KERR FINANCIAL PLANNING Corp purchased a new position in Scully Royalty Ltd. (NYSE:SRL) during the third quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor purchased 14,964 shares of the financial services provider’s stock, valued at approximately $86,000. KERR FINANCIAL PLANNING Corp owned 0.10% of Scully Royalty at the end of the most recent reporting period. 41.96% of the stock is currently owned by hedge funds and other institutional investors.

Scully Royalty Company Profile

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.