Relx (NYSE:RELX) Shares Gap Down - Time to Sell?

Relx Plc (NYSE:RELX - Get Free Report) gapped down prior to trading on Monday . The stock had previously closed at $53.85, but opened at $51.75. Relx shares last traded at $51.41, with a volume of 202,445 shares traded.

Wall Street Analyst Weigh In

RELX has been the topic of several recent research reports. The Goldman Sachs Group initiated coverage on Relx in a research note on Wednesday, March 26th. They issued a "buy" rating on the stock. Barclays raised Relx from an "equal weight" rating to an "overweight" rating in a research note on Friday, March 14th. Morgan Stanley reaffirmed an "overweight" rating on shares of Relx in a research note on Wednesday, April 16th. Finally, StockNews.com downgraded Relx from a "buy" rating to a "hold" rating in a research note on Tuesday, March 4th. One equities research analyst has rated the stock with a hold rating, four have issued a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of "Buy".

Relx Price Performance

The firm has a 50 day moving average of $50.59 and a 200-day moving average of $48.72. The company has a market cap of $95.65 billion, a P/E ratio of 27.78, a P/E/G ratio of 2.73 and a beta of 0.86. The company has a current ratio of 0.52, a quick ratio of 0.47 and a debt-to-equity ratio of 1.46.

Relx Increases Dividend

The company also recently disclosed a semi-annual dividend, which will be paid on Wednesday, June 25th. Shareholders of record on Friday, May 9th will be paid a $0.5586 dividend. This is an increase from Relx's previous semi-annual dividend of $0.23. The ex-dividend date is Friday, May 9th. This represents a yield of 1.6%. Relx's payout ratio is presently 59.68%.

Institutional Trading of Relx

Large investors have recently added to or reduced their stakes in the company. Larson Financial Group LLC increased its stake in Relx by 612.5% in the 1st quarter. Larson Financial Group LLC now owns 513 shares of the technology company's stock worth $26,000 after acquiring an additional 441 shares during the last quarter. CENTRAL TRUST Co increased its stake in Relx by 1,290.2% in the 4th quarter. CENTRAL TRUST Co now owns 570 shares of the technology company's stock worth $26,000 after acquiring an additional 529 shares during the last quarter. Golden State Wealth Management LLC increased its stake in Relx by 100.0% in the 1st quarter. Golden State Wealth Management LLC now owns 588 shares of the technology company's stock worth $30,000 after acquiring an additional 294 shares during the last quarter. Cornerstone Planning Group LLC increased its stake in Relx by 325.2% in the 1st quarter. Cornerstone Planning Group LLC now owns 693 shares of the technology company's stock worth $37,000 after acquiring an additional 530 shares during the last quarter. Finally, Transce3nd LLC bought a new stake in Relx in the 4th quarter worth approximately $40,000. Institutional investors own 15.02% of the company's stock.

About Relx

RELX Plc engages in provision of information and analytics solutions for professional and business customers across industries. It operates through the following business segments: Scientific, Technical & Medical; Risk & Business Analytics; Legal; and Exhibitions. The Scientific, Technical & Medical segment is a global information analytics business that helps institutions and professionals advance healthcare, open science, and improve performance for the benefit of humanity.

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