Relx (NYSE:RELX) Hits New 12-Month Low – Here’s What Happened

Relx Plc (NYSE:RELX)’s stock price reached a new 52-week low during mid-day trading on Monday . The company traded as low as $29.18 and last traded at $29.1970, with a volume of 2509959 shares. The stock had previously closed at $29.38.

Wall Street Analysts Forecast Growth

A number of research firms recently commented on RELX. Morgan Stanley reaffirmed an “overweight” rating on shares of Relx in a research note on Monday, February 2nd. Deutsche Bank Aktiengesellschaft upgraded Relx from a “hold” rating to a “buy” rating in a research note on Tuesday, December 9th. Zacks Research raised Relx from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, January 6th. Citigroup initiated coverage on shares of Relx in a report on Monday, January 12th. They issued a “neutral” rating on the stock. Finally, Weiss Ratings restated a “hold (c+)” rating on shares of Relx in a research note on Monday, December 29th. Two investment analysts have rated the stock with a Strong Buy rating, four have assigned a Buy rating and two have given a Hold rating to the company’s stock. According to MarketBeat, the stock currently has a consensus rating of “Buy”.

Relx Stock Up 0.3%

The company has a 50-day moving average of $39.36 and a 200 day moving average of $43.62. The company has a current ratio of 0.47, a quick ratio of 0.42 and a debt-to-equity ratio of 2.55.

Institutional Inflows and Outflows

Hedge funds have recently modified their holdings of the business. Huntington National Bank lifted its stake in Relx by 8.5% in the fourth quarter. Huntington National Bank now owns 5,588 shares of the technology company’s stock valued at $226,000 after buying an additional 438 shares during the period. Flputnam Investment Management Co. raised its position in shares of Relx by 28.3% in the 4th quarter. Flputnam Investment Management Co. now owns 5,626 shares of the technology company’s stock valued at $227,000 after acquiring an additional 1,241 shares during the period. Bleakley Financial Group LLC boosted its stake in Relx by 10.3% during the 4th quarter. Bleakley Financial Group LLC now owns 18,020 shares of the technology company’s stock worth $728,000 after acquiring an additional 1,690 shares during the last quarter. Annis Gardner Whiting Capital Advisors LLC acquired a new position in Relx during the fourth quarter valued at approximately $26,000. Finally, Choate Investment Advisors bought a new stake in shares of Relx in the 4th quarter valued at $221,000. Institutional investors own 15.02% of the company’s stock.

Relx Company Profile

RELX plc is a global provider of information, analytics and decision tools for professional and business customers. The company supplies content, data and analytical services that support decision-making across scientific, technical and medical research, legal and regulatory practice, and risk and business analytics. RELX’s offerings are largely delivered via digital platforms and subscription services designed for institutions, corporations and professionals who require specialized, high-value information and workflow solutions.

RELX operates through distinct business lines that include Elsevier, which provides scientific, technical and medical journals, books and online platforms such as research and discovery tools; Legal and Professional services, which deliver legal, regulatory and compliance content and workflow solutions; Risk & Business Analytics, which offers data, analytics and decision tools for insurance, banking, corporate and government risk assessment; and Exhibitions, which organizes industry trade shows and events.