Scully Royalty (NYSE:SRL) Stock Price Crosses Below 50-Day Moving Average - Here's Why

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.

Shares of Scully Royalty Ltd. (NYSE:SRL - Get Free Report) passed below its fifty day moving average during trading on Wednesday . The stock has a fifty 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 business's fifty day simple moving average is $5.85 and its two-hundred day simple moving average is $6.95. The company has a debt-to-equity ratio of 0.12, a current ratio of 4.56 and a quick ratio of 4.56.

Institutional Inflows and Outflows

An institutional investor recently raised its position in Scully Royalty stock. Nantahala Capital Management LLC raised its holdings in Scully Royalty Ltd. (NYSE:SRL - Free Report) by 54.1% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor 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 as of its most recent SEC filing. 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.