Relx (NYSE:RELX) Sets New 1-Year Low – Time to Sell?

Relx Plc (NYSE:RELX) shares hit a new 52-week low during mid-day trading on Thursday . The company traded as low as $43.25 and last traded at $43.0090, with a volume of 78388 shares changing hands. The stock had previously closed at $44.58.

Wall Street Analysts Forecast Growth

Several equities analysts recently weighed in on RELX shares. Morgan Stanley reaffirmed an “overweight” rating on shares of Relx in a research note on Thursday, September 11th. Kepler Capital Markets upgraded Relx from a “hold” rating to a “strong-buy” rating in a research report on Thursday, September 18th. Barclays restated an “overweight” rating on shares of Relx in a research report on Tuesday, October 7th. Weiss Ratings restated a “buy (b)” rating on shares of Relx in a report on Wednesday, October 8th. Finally, Wall Street Zen cut Relx from a “buy” rating to a “hold” rating in a report on Friday, September 5th. One investment analyst has rated the stock with a Strong Buy rating and five have assigned a Buy rating to the company’s stock. According to data from MarketBeat, the company currently has an average rating of “Buy”.

Relx Price Performance

The company has a quick ratio of 0.42, a current ratio of 0.47 and a debt-to-equity ratio of 2.55. The stock has a fifty day moving average price of $46.12 and a 200 day moving average price of $50.30.

Hedge Funds Weigh In On Relx

A number of large investors have recently made changes to their positions in RELX. Larson Financial Group LLC boosted its position in shares of Relx by 612.5% during the first quarter. Larson Financial Group LLC now owns 513 shares of the technology company’s stock valued at $26,000 after buying an additional 441 shares during the period. WPG Advisers LLC purchased a new position in Relx during the 1st quarter valued at $28,000. NewSquare Capital LLC boosted its stake in shares of Relx by 522.0% during the second quarter. NewSquare Capital LLC now owns 566 shares of the technology company’s stock valued at $31,000 after purchasing an additional 475 shares during the period. Salomon & Ludwin LLC boosted its position in Relx by 1,646.2% in the 3rd quarter. Salomon & Ludwin LLC now owns 681 shares of the technology company’s stock valued at $32,000 after buying an additional 642 shares during the period. Finally, Caitong International Asset Management Co. Ltd boosted its holdings in shares of Relx by 99.3% in the second quarter. Caitong International Asset Management Co. Ltd now owns 608 shares of the technology company’s stock valued at $33,000 after purchasing an additional 303 shares during the period. 15.02% of the stock is owned by hedge funds and other institutional investors.

Relx Company Profile

RELX Plc engages in provision of information and analytics solutions for professional and business customers across industries. It operates through the following business segments: Scientific, Technical & Medical; Risk & Business Analytics; Legal; and Exhibitions. The Scientific, Technical & Medical segment is a global information analytics business that helps institutions and professionals advance healthcare, open science, and improve performance for the benefit of humanity.