Scully Royalty (NYSE:SRL) Stock Price Crosses Below Fifty Day Moving Average of $6.88

Scully Royalty Ltd. (NYSE:SRL)’s share price crossed below its 50 day moving average during trading on Friday . The stock has a 50 day moving average of $6.88 and traded as low as $6.38. Scully Royalty shares last traded at $6.53, with a volume of 1,255 shares changing hands.

Scully Royalty Trading Down 1.8 %

The firm has a fifty day simple moving average of $6.88 and a 200-day simple moving average of $6.28.

Institutional Investors Weigh In On Scully Royalty

Several hedge funds have recently added to or reduced their stakes in the business. UBS Group AG lifted its holdings in shares of Scully Royalty by 52.3% during the third quarter. UBS Group AG now owns 3,783 shares of the financial services provider’s stock worth $28,000 after buying an additional 1,299 shares in the last quarter. Captrust Financial Advisors acquired a new stake in shares of Scully Royalty during the second quarter worth $59,000. Renaissance Technologies LLC lifted its holdings in shares of Scully Royalty by 6.6% during the second quarter. Renaissance Technologies LLC now owns 61,214 shares of the financial services provider’s stock worth $446,000 after buying an additional 3,800 shares in the last quarter. Finally, Royal Bank of Canada lifted its holdings in shares of Scully Royalty by 1.6% during the third quarter. Royal Bank of Canada now owns 272,728 shares of the financial services provider’s stock worth $1,544,000 after buying an additional 4,350 shares in the last quarter. Institutional investors and hedge funds own 41.96% of the company’s stock.

Scully Royalty Company Profile

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.