Relx (NYSE:RELX) Share Price Crosses Above Fifty Day Moving Average – Time to Sell?

Shares of Relx Plc (NYSE:RELX) passed above its 50-day moving average during trading on Friday . The stock has a 50-day moving average of $33.67 and traded as high as $36.04. Relx shares last traded at $35.91, with a volume of 2,123,115 shares trading hands.

Wall Street Analyst Weigh In

A number of research firms have recently weighed in on RELX. Wall Street Zen lowered shares of Relx from a “buy” rating to a “hold” rating in a report on Sunday, May 17th. Barclays reaffirmed an “overweight” rating on shares of Relx in a research report on Friday, July 24th. Morgan Stanley lowered Relx from an “overweight” rating to an “equal weight” rating in a research report on Thursday, May 7th. Weiss Ratings raised Relx from a “hold (c-)” rating to a “hold (c)” rating in a research note on Friday, August 7th. Finally, The Goldman Sachs Group began coverage on shares of Relx in a report on Wednesday, June 3rd. They issued a “buy” rating on the stock. One investment analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating and three have given a Hold rating to the company’s stock. According to MarketBeat.com, Relx currently has an average rating of “Moderate Buy”.

Relx Trading Up 1.5%

The stock’s fifty day moving average price is $33.67 and its 200 day moving average price is $33.55. The company has a current ratio of 0.45, a quick ratio of 0.40 and a debt-to-equity ratio of 5.23.

Relx Cuts Dividend

The firm also recently announced a dividend, which will be paid on Tuesday, September 15th. Shareholders of record on Friday, August 7th will be paid a dividend of $0.2785 per share. The ex-dividend date of this dividend is Friday, August 7th. This represents a dividend yield of 157.0%.

Institutional Trading of Relx

A number of hedge funds have recently made changes to their positions in RELX. Annis Gardner Whiting Capital Advisors LLC bought a new position in Relx during the 4th quarter valued at approximately $26,000. Cornerstone Planning Group LLC grew its stake in shares of Relx by 2,574.1% in the fourth quarter. Cornerstone Planning Group LLC now owns 722 shares of the technology company’s stock worth $27,000 after acquiring an additional 695 shares during the last quarter. Whipplewood Advisors LLC increased its holdings in shares of Relx by 2,468.4% during the first quarter. Whipplewood Advisors LLC now owns 976 shares of the technology company’s stock valued at $32,000 after acquiring an additional 938 shares in the last quarter. Transamerica Financial Advisors LLC raised its position in shares of Relx by 3,040.0% in the 4th quarter. Transamerica Financial Advisors LLC now owns 785 shares of the technology company’s stock worth $32,000 after purchasing an additional 760 shares during the last quarter. Finally, Manchester Capital Management LLC boosted its stake in Relx by 1,823.6% in the 4th quarter. Manchester Capital Management LLC now owns 1,058 shares of the technology company’s stock worth $43,000 after purchasing an additional 1,003 shares in the last quarter. 15.02% of the stock is owned by institutional investors.

About Relx

RELX plc is a global provider of information, analytics and decision tools for professional and business customers. The company supplies content, data and analytical services that support decision-making across scientific, technical and medical research, legal and regulatory practice, and risk and business analytics. RELX’s offerings are largely delivered via digital platforms and subscription services designed for institutions, corporations and professionals who require specialized, high-value information and workflow solutions.

RELX operates through distinct business lines that include Elsevier, which provides scientific, technical and medical journals, books and online platforms such as research and discovery tools; Legal and Professional services, which deliver legal, regulatory and compliance content and workflow solutions; Risk & Business Analytics, which offers data, analytics and decision tools for insurance, banking, corporate and government risk assessment; and Exhibitions, which organizes industry trade shows and events.