Scully Royalty Ltd. (NYSE:SRL - Get Free Report)'s share price passed below its fifty day moving average during trading on Wednesday . The stock has a fifty day moving average of $7.24 and traded as low as $6.30. Scully Royalty shares last traded at $6.59, with a volume of 6,979 shares changing hands.
Scully Royalty Price Performance
The business has a fifty day simple moving average of $7.24 and a 200-day simple moving average of $7.57.
Institutional Trading of Scully Royalty
A hedge fund recently raised its stake in Scully Royalty stock. Nantahala Capital Management LLC raised its stake in Scully Royalty Ltd. (NYSE:SRL - Free Report) by 54.1% in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 368,596 shares of the financial services provider's stock after purchasing an additional 129,399 shares during the quarter. Nantahala Capital Management LLC owned 2.49% of Scully Royalty worth $3,410,000 as of its most recent filing with the Securities & Exchange Commission. 41.96% of the stock is owned by hedge funds and other institutional investors.
Scully Royalty Company Profile
(
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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.
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