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

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 $5.90 and traded as low as $5.87. Scully Royalty shares last traded at $6.0190, with a volume of 12,747 shares trading hands.Get Scully Royalty alerts:Wall Street Analyst Weigh InSeparately, Weiss Ratings restated a "sell (d)" rating on shares of Scully Royalty in a research note on Wednesday, October 8th. One investment analyst has rated the stock with a Sell rating, According to data from MarketBeat.com, the company has a consensus rating of "Sell".Read Our Latest Report on SRLScully Royalty Stock Up 0.5%The firm has a 50 day moving average price of $5.90 and a 200 day moving average price of $5.90. Hedge Funds Weigh In On Scully RoyaltyAn institutional investor recently bought a new position in Scully Royalty stock. KERR FINANCIAL PLANNING Corp bought a new position in Scully Royalty Ltd. (NYSE:SRL - Free Report) in the 3rd quarter, according to the company in its most recent filing with the SEC. The institutional investor bought 14,964 shares of the financial services provider's stock, valued at approximately $86,000. KERR FINANCIAL PLANNING Corp owned approximately 0.10% of Scully Royalty at the end of the most recent reporting period. 41.96% of the stock is owned by institutional investors and hedge funds. About Scully Royalty (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.See AlsoFive stocks we like better than Scully RoyaltyStock Average Calculator Rocket Lab’s Big Rebound? Analysts Suggest the Dip's a Gift3 Stocks to Consider Buying in OctoberMeta’s AI Moment? New SAM 3 Model Has Wall Street Turning BullishAirline Stocks - Top Airline Stocks to Buy NowSnowflake Stock: The Dip That Smart Investors Are Buying Right NowThis instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.Should You Invest $1,000 in Scully Royalty Right Now?Before you consider Scully Royalty, you'll want to hear this.MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Scully Royalty wasn't on the list.While Scully Royalty currently has a Sell rating among analysts, top-rated analysts believe these five stocks are better buys.View The Five Stocks Here