Scully Royalty (NYSE:SRL) Share Price Passes Below 50-Day Moving Average – Time to Sell?

Scully Royalty Ltd. (NYSE:SRL) crossed below its 50-day moving average during trading on Friday . The stock has a 50-day moving average of $6.73 and traded as low as $6.1250. Scully Royalty shares last traded at $6.1250, with a volume of 0 shares trading hands.

Analyst Ratings Changes

SRL has been the subject of several recent analyst reports. Wall Street Zen raised shares of Scully Royalty to a “hold” rating in a report on Saturday, March 7th. Weiss Ratings reaffirmed a “sell (d+)” rating on shares of Scully Royalty in a report on Friday, May 22nd. One research analyst has rated the stock with a Sell rating, According to data from MarketBeat.com, Scully Royalty currently has an average rating of “Sell”.

Scully Royalty Price Performance

The firm’s fifty day simple moving average is $6.73 and its 200-day simple moving average is $7.45.

Institutional Trading of Scully Royalty

Large investors have recently made changes to their positions in the stock. KERR FINANCIAL PLANNING Corp bought a new stake in shares of Scully Royalty in the third quarter worth approximately $86,000. Barclays PLC bought a new stake in shares of Scully Royalty in the fourth quarter worth approximately $249,000. Finally, Renaissance Technologies LLC grew its stake in shares of Scully Royalty by 41.0% in the first quarter. Renaissance Technologies LLC now owns 68,114 shares of the financial services provider’s stock worth $533,000 after acquiring an additional 19,800 shares during the period. 41.96% of the stock is currently owned by institutional investors.

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.