Scully Royalty (NYSE:SRL) Stock Crosses Above 50 Day Moving Average – Time to Sell?

Scully Royalty Ltd. (NYSE:SRL) shares passed above its 50 day moving average during trading on Friday . The stock has a 50 day moving average of $5.76 and traded as high as $5.83. Scully Royalty shares last traded at $5.74, with a volume of 8,863 shares trading hands.

Analyst Ratings Changes

Separately, Weiss Ratings downgraded Scully Royalty from a “sell (d+)” rating to a “sell (d)” rating in a research report on Tuesday, June 16th. One research analyst has rated the stock with a Sell rating, Based on data from MarketBeat.com, Scully Royalty presently has a consensus rating of “Sell”.

Scully Royalty Trading Up 1.1%

The stock has a fifty day simple moving average of $5.76 and a 200-day simple moving average of $7.13.

Institutional Inflows and Outflows

A hedge fund recently bought a new stake in Scully Royalty stock. Barclays PLC acquired a new position in shares of Scully Royalty Ltd. (NYSE:SRL) during the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm acquired 29,100 shares of the financial services provider’s stock, valued at approximately $249,000. Barclays PLC owned 0.20% of Scully Royalty as of its most recent SEC filing. 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.