Scully Royalty (NYSE:SRL) Share Price Passes Above 50 Day Moving Average – Here’s What Happened

Scully Royalty Ltd. (NYSE:SRL)’s share price passed above its fifty day moving average during trading on Friday . The stock has a fifty day moving average of $7.91 and traded as high as $9.48. Scully Royalty shares last traded at $9.21, with a volume of 48,119 shares trading hands.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings reaffirmed a “sell (d)” rating on shares of Scully Royalty in a report on Wednesday, January 21st. One investment analyst has rated the stock with a Sell rating, Based on data from MarketBeat.com, Scully Royalty has a consensus rating of “Sell”.

Scully Royalty Price Performance

The company has a debt-to-equity ratio of 0.13, a current ratio of 5.10 and a quick ratio of 5.10. The business’s 50-day moving average price is $7.91 and its two-hundred day moving average price is $6.48.

Scully Royalty (NYSE:SRL) last posted its quarterly earnings data on Wednesday, December 31st. The financial services provider reported ($0.05) EPS for the quarter. The business had revenue of $6.82 million during the quarter.

Institutional Investors Weigh In On Scully Royalty

A hedge fund recently bought a new stake in Scully Royalty stock. KERR FINANCIAL PLANNING Corp purchased a new stake in Scully Royalty Ltd. (NYSE:SRL) during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm purchased 14,964 shares of the financial services provider’s stock, valued at approximately $86,000. KERR FINANCIAL PLANNING Corp owned about 0.10% of Scully Royalty as of its most recent filing with the Securities and Exchange Commission. 41.96% of the stock is owned by institutional investors.

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.