Scully Royalty (NYSE:SRL) Shares Pass Below Fifty Day Moving Average of $8.02

Shares of Scully Royalty Ltd. (NYSE:SRL – Get Rating) crossed below its 50-day moving average during trading on Friday . The stock has a 50-day moving average of $8.02 and traded as low as $6.49. Scully Royalty shares last traded at $6.64, with a volume of 4,803 shares traded.

Scully Royalty Stock Up 0.6 %

The stock’s 50-day moving average is $8.02 and its 200-day moving average is $7.83. The company has a current ratio of 8.33, a quick ratio of 8.27 and a debt-to-equity ratio of 0.11.

Institutional Investors Weigh In On Scully Royalty

A number of institutional investors have recently added to or reduced their stakes in the business. Iat Reinsurance Co. LTD. grew its holdings in Scully Royalty by 6.2% during the 3rd quarter. Iat Reinsurance Co. LTD. now owns 3,416,664 shares of the financial services provider’s stock worth $25,283,000 after acquiring an additional 200,000 shares during the last quarter. Royal Bank of Canada grew its holdings in Scully Royalty by 24.1% during the 1st quarter. Royal Bank of Canada now owns 235,811 shares of the financial services provider’s stock worth $2,316,000 after acquiring an additional 45,776 shares during the last quarter. Ronald Blue Trust Inc. bought a new stake in Scully Royalty during the 2nd quarter worth approximately $1,352,000. Captrust Financial Advisors bought a new stake in Scully Royalty during the 2nd quarter worth approximately $59,000. Finally, UBS Group AG grew its holdings in Scully Royalty by 52.3% during the 3rd quarter. UBS Group AG now owns 3,783 shares of the financial services provider’s stock worth $28,000 after acquiring an additional 1,299 shares during the last quarter. 39.96% of the stock is owned by institutional investors.

Scully Royalty Company Profile

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Scully Royalty Ltd. is a merchant bank company, which provides financial services and facilitates structured trade for corporations and institutions. It operates through the following segments: Iron Ore Royalty, Industrial Equity, Merkanti Holding, and All Other. The Iron Ore segment Royalty includes interest in an iron ore mine.