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

Key Points

• Scully Royalty Ltd. (NYSE:SRL) shares have recently crossed below their 50-day moving average of $5.89, currently trading at $5.23.
• Nantahala Capital Management LLC has increased its stake in Scully Royalty by 54.1%, now owning approximately 2.49% of the company.
• The company maintains a strong liquidity position with a quick ratio and current ratio of 4.56 and a low debt-to-equity ratio of 0.12.

Scully Royalty Ltd. (NYSE:SRL - Get Free Report) crossed below its 50-day moving average during trading on Wednesday . The stock has a 50-day moving average of $5.89 and traded as low as $5.25. Scully Royalty shares last traded at $5.23, with a volume of 3,872 shares changing hands.

Scully Royalty Price Performance

The company has a debt-to-equity ratio of 0.12, a current ratio of 4.56 and a quick ratio of 4.56. The firm's fifty day moving average price is $5.84 and its 200-day moving average price is $6.93.

Institutional Investors Weigh In On Scully Royalty

A hedge fund recently raised its stake in Scully Royalty stock. Nantahala Capital Management LLC raised its holdings in Scully Royalty Ltd. (NYSE:SRL - Free Report) by 54.1% during the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 368,596 shares of the financial services provider's stock after buying an additional 129,399 shares during the period. Nantahala Capital Management LLC owned about 2.49% of Scully Royalty worth $3,410,000 at the end of the most recent quarter. Institutional investors own 41.96% of the company's stock.

About Scully Royalty

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.