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

Relx Plc (NYSE:RELX)’s stock price reached a new 52-week low on Thursday . The stock 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.

Analyst Ratings Changes

A number of equities analysts have commented on RELX shares. Kepler Capital Markets raised shares of Relx from a “hold” rating to a “strong-buy” rating in a research report on Thursday, September 18th. Wall Street Zen downgraded shares of Relx from a “buy” rating to a “hold” rating in a report on Saturday. Morgan Stanley reissued an “overweight” rating on shares of Relx in a research note on Thursday, September 11th. Weiss Ratings restated a “buy (b)” rating on shares of Relx in a research report on Wednesday, October 8th. Finally, Barclays reaffirmed an “overweight” rating on shares of Relx in a report on Tuesday, October 7th. One 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, Relx presently has a consensus rating of “Buy”.

Relx Price Performance

The company has a debt-to-equity ratio of 2.55, a current ratio of 0.47 and a quick ratio of 0.42. The firm’s 50 day moving average price is $45.96 and its two-hundred day moving average price is $50.18.

Institutional Investors Weigh In On Relx

Several institutional investors and hedge funds have recently added to or reduced their stakes in the company. Hemenway Trust Co LLC increased its position in Relx by 25.0% in the third quarter. Hemenway Trust Co LLC now owns 49,862 shares of the technology company’s stock worth $2,381,000 after buying an additional 9,966 shares during the last quarter. NewEdge Wealth LLC raised its stake in Relx by 9.5% in the 3rd quarter. NewEdge Wealth LLC now owns 218,321 shares of the technology company’s stock valued at $9,733,000 after acquiring an additional 18,981 shares during the period. Advisors Capital Management LLC raised its stake in Relx by 5.5% in the 3rd quarter. Advisors Capital Management LLC now owns 132,316 shares of the technology company’s stock valued at $6,319,000 after acquiring an additional 6,935 shares during the period. Maridea Wealth Management LLC purchased a new stake in Relx during the third quarter valued at about $519,000. Finally, Zions Bancorporation National Association UT boosted its position in Relx by 3.0% during the third quarter. Zions Bancorporation National Association UT now owns 56,425 shares of the technology company’s stock worth $2,695,000 after purchasing an additional 1,634 shares during the period. Hedge funds and other institutional investors own 15.02% of the company’s stock.

About Relx

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.