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Friday, August 6, 2021

Scully Royalty Ltd. (NYSE:SRL) is Waving the Bear Flag

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The Scully Royalty Ltd. (SRL) shares are trading at lower $7.51.

To add more color to this target, the company’s high over the last year is $15.56 and the low is $6.03. Over the last 52 weeks, SRL is down -51.74% while the S&P 500 is down -2.38%. The catalyst for this interesting swing was the company’s recent earnings report.

A Notable Earnings Report

SRL booked profit margins of -16.40%, its Return on Equity (ROE) is -5.50%, and its Return on Assets is -4.10%. All told, it is clear that, SRL needs to be on your watchlist.

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Of course, we must look beyond the financials and question how well those numbers represent the sustainable earnings power of the business. Investors need to know how sustainable this current run. SRL has a short ratio of 0.30 and outstanding shares of 12.55M.

Company Outlook

SRL has seen increased volume after this news and investors are putting their support behind the value proposition. Furthermore, 10-day volume stands at 4360.0 and more growth is possible in the weeks ahead. Traders will also note the company’s earnings per share came in at -1.09. Scully Royalty Ltd. SRL also noted assets of $365.53 million at the end of the last quarter. Investors should also keep an eye on sector updates as SRL has historically followed its peers on positive news.

All told, Scully Royalty Ltd. SRL has strung together solid data and demonstrated underlying fundamentals. At its current valuation, SRL represents an interesting risk/reward case. Traders should stay tuned to see if this recent report will push the stock to test recent resistance levels.

Scully Royalty Ltd. SRL is now commanding a market cap of 97.33M and a float of 6.22M. SRL is increasing its credibility in this sector and that could lead to more upside down the line. Sign-up for continuing coverage on shares of SRL stock, as well as other hot stock picks, get our free newsletter today and get our next breakout pick!

Disclosure: we hold no position in SRL, either long or short, and we have not been compensated for this article.

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