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Scully Royalty (NYSE:SRL) Share Price Crosses Below Fifty Day Moving Average - Time to Sell?

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Shares of Scully Royalty Ltd. (NYSE:SRL - Get Free Report) crossed below its 50 day moving average during trading on Friday . The stock has a 50 day moving average of $7.89 and traded as low as $7.72. Scully Royalty shares last traded at $7.72, with a volume of 3,466 shares.

Scully Royalty Stock Performance

The firm has a 50 day moving average price of $7.93 and a 200-day moving average price of $7.78.

Scully Royalty Cuts Dividend

The firm also recently announced a -- dividend, which was paid on Friday, February 21st. Shareholders of record on Friday, January 24th were given a dividend of $0.26 per share. The ex-dividend date was Friday, January 24th.

Institutional Inflows and Outflows

An institutional investor recently bought a new position in Scully Royalty stock. SVB Wealth LLC bought a new position in shares of Scully Royalty Ltd. (NYSE:SRL - Free Report) during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm bought 22,455 shares of the financial services provider's stock, valued at approximately $208,000. SVB Wealth LLC owned about 0.15% of Scully Royalty at the end of the most recent quarter. Hedge funds and other institutional investors own 41.96% of the company's stock.

Scully Royalty Company Profile

(Get Free Report)

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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