Relx (NYSE:RELX) Shares Gap Down – Should You Sell?
by Scott Moore · The Cerbat GemRelx Plc (NYSE:RELX – Get Free Report)’s stock price gapped down before the market opened on Tuesday . The stock had previously closed at $35.72, but opened at $34.00. Relx shares last traded at $34.1660, with a volume of 329,097 shares.
Wall Street Analysts Forecast Growth
RELX has been the topic of several analyst reports. Barclays restated an “overweight” rating on shares of Relx in a research note on Friday, July 24th. The Goldman Sachs Group started coverage on Relx in a research report on Wednesday, June 3rd. They set a “buy” rating on the stock. Weiss Ratings upgraded Relx from a “hold (c-)” rating to a “hold (c)” rating in a report on Friday, August 7th. Wall Street Zen lowered Relx from a “buy” rating to a “hold” rating in a report on Sunday. Finally, TD Cowen started coverage on Relx in a research report on Thursday, September 10th. They issued a “buy” rating on the stock. Two investment analysts have rated the stock with a Strong Buy rating, five have issued a Buy rating and three have issued a Hold rating to the stock. According to MarketBeat, Relx has a consensus rating of “Moderate Buy”.
Get Our Latest Analysis on RELX
Relx Price Performance
The business has a 50 day moving average of $34.90 and a 200 day moving average of $34.13. The company has a debt-to-equity ratio of 5.23, a current ratio of 0.45 and a quick ratio of 0.40.
Relx Cuts Dividend
The company also recently declared a dividend, which will be paid on Tuesday, September 15th. Investors of record on Friday, August 7th will be issued a dividend of $0.2785 per share. This represents a yield of 157.0%. The ex-dividend date of this dividend is Friday, August 7th.
Institutional Inflows and Outflows
Hedge funds and other institutional investors have recently bought and sold shares of the company. Bridgewater Advisors Inc. increased its holdings in Relx by 2.9% during the 1st quarter. Bridgewater Advisors Inc. now owns 11,404 shares of the technology company’s stock worth $361,000 after purchasing an additional 320 shares in the last quarter. First Horizon Corp raised its position in shares of Relx by 41.0% in the first quarter. First Horizon Corp now owns 1,352 shares of the technology company’s stock valued at $45,000 after purchasing an additional 393 shares during the period. Huntington National Bank lifted its position in Relx by 8.5% during the fourth quarter. Huntington National Bank now owns 5,588 shares of the technology company’s stock worth $226,000 after acquiring an additional 438 shares during the last quarter. Legacy Wealth Asset Management LLC lifted its position in Relx by 3.2% during the second quarter. Legacy Wealth Asset Management LLC now owns 14,723 shares of the technology company’s stock worth $466,000 after acquiring an additional 457 shares during the last quarter. Finally, Frank Rimerman Advisors LLC boosted its holdings in shares of Relx by 7.8% during the first quarter. Frank Rimerman Advisors LLC now owns 7,962 shares of the technology company’s stock worth $264,000 after acquiring an additional 573 shares during the period. Institutional investors own 15.02% of the company’s stock.
Relx Company Profile
RELX plc is a global information and analytics company that provides data, research, software and professional services to customers in the scientific, technical, medical, legal, business and government sectors. The company serves organizations and professionals that use specialized information to support research, manage risk, make decisions and improve operational performance.
RELX operates through four principal business areas: Risk, Business Services, Legal, and Scientific, Technical & Medical.