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

Scully Royalty logo with Multi-Sector Conglomerates background

Scully Royalty Ltd. (NYSE:SRL - Get Free Report)'s stock price crossed below its fifty day moving average during trading on Tuesday . The stock has a fifty day moving average of $7.46 and traded as low as $6.12. Scully Royalty shares last traded at $6.53, with a volume of 10,331 shares changing hands.

Scully Royalty Trading Down 1.1%

The company's 50-day simple moving average is $7.39 and its two-hundred day simple moving average is $7.59.

Institutional Inflows and Outflows

A hedge fund recently bought a new stake in Scully Royalty stock. SVB Wealth LLC bought a new stake in shares of Scully Royalty Ltd. (NYSE:SRL - Free Report) in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor bought 22,455 shares of the financial services provider's stock, valued at approximately $208,000. SVB Wealth LLC owned approximately 0.15% of Scully Royalty as of its most recent SEC filing. 41.96% of the stock is owned by hedge funds and other institutional investors.

Scully Royalty Company Profile

(Get Free Report)

Scully Royalty Ltd. operates as an iron ore mining company in the Americas, Africa, Canada, Asia, and Europe. It operates through three segments: Royalty, Industrial, and Merchant Banking. The company holds royalty interest in the Scully iron ore mine located in the Province of Newfoundland and Labrador, Canada.

Further Reading

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