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

Key Points

• Scully Royalty (SRL) crossed below its 50-day moving average
• The stock carries an average analyst rating of "Sell", with Weiss Ratings reiterating a sell and Wall Street Zen recently upgrading to a hold.
• KERR FINANCIAL PLANNING Corp bought a new stake of 14,964 shares (~$86,000), and institutional/hedge fund ownership stands at about 41.96%.

Scully Royalty Ltd. (NYSE:SRL - Get Free Report) crossed below its fifty day moving average during trading on Wednesday . The stock has a fifty day moving average of $7.77 and traded as low as $6.64. Scully Royalty shares last traded at $6.6750, with a volume of 29,039 shares.

Wall Street Analysts Forecast Growth

SRL has been the subject of several recent analyst reports. Weiss Ratings reiterated a "sell (d)" rating on shares of Scully Royalty in a research note on Wednesday, January 21st. Wall Street Zen upgraded shares of Scully Royalty to a "hold" rating in a research note on Saturday, March 7th. One investment analyst has rated the stock with a Sell rating, According to data from MarketBeat.com, the stock presently has an average rating of "Sell".

Scully Royalty Stock Down 3.7%

The stock's fifty day moving average is $7.77 and its two-hundred day moving average is $7.43.

Hedge Funds Weigh In On Scully Royalty

A hedge fund recently bought a new stake in Scully Royalty stock. KERR FINANCIAL PLANNING Corp purchased a new position in Scully Royalty Ltd. (NYSE:SRL - Free Report) during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund purchased 14,964 shares of the financial services provider's stock, valued at approximately $86,000. KERR FINANCIAL PLANNING Corp owned about 0.10% of Scully Royalty as of its most recent filing with the Securities and Exchange Commission. 41.96% of the stock is currently owned by institutional investors and hedge funds.

About Scully Royalty

Scully Royalty Ltd. is a mineral royalty company that acquires, owns and manages a diversified portfolio of oil and gas royalty and overriding royalty interests in key onshore producing regions of the United States. As a royalty owner, the company receives a percentage of production revenue from its assets without assuming the operational and capital expenditure burdens associated with exploration and development.

The company's portfolio spans multiple established hydrocarbon basins, including conventional and unconventional plays.

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