Relx (NYSE:RELX) Hits New 12-Month High at $48.32

Relx Plc (NYSE:RELX) hit a new 52-week high on Friday . The company traded as high as $48.32 and last traded at $48.32, with a volume of 3129 shares changing hands. The stock had previously closed at $48.13.

Wall Street Analysts Forecast Growth

RELX has been the topic of a number of research reports. StockNews.com downgraded shares of Relx from a “buy” rating to a “hold” rating in a research report on Saturday, August 31st. Citigroup upgraded Relx to a “strong-buy” rating in a report on Tuesday.

Relx Stock Up 0.4 %

The company has a quick ratio of 0.47, a current ratio of 0.52 and a debt-to-equity ratio of 1.51. The stock’s fifty day simple moving average is $46.20 and its 200 day simple moving average is $44.55.

Relx Cuts Dividend

The firm also recently announced a Semi-Annual dividend, which was paid on Tuesday, September 10th. Investors of record on Friday, August 2nd were paid a dividend of $0.234 per share. The ex-dividend date was Friday, August 2nd. This represents a yield of 1.6%.

Institutional Trading of Relx

Large investors have recently bought and sold shares of the stock. Financial Management Professionals Inc. raised its stake in shares of Relx by 192.9% in the first quarter. Financial Management Professionals Inc. now owns 867 shares of the technology company’s stock worth $38,000 after purchasing an additional 571 shares during the last quarter. Frazier Financial Advisors LLC purchased a new stake in shares of Relx in the 4th quarter valued at $35,000. Pinnacle Bancorp Inc. increased its stake in shares of Relx by 90.9% in the first quarter. Pinnacle Bancorp Inc. now owns 983 shares of the technology company’s stock worth $43,000 after acquiring an additional 468 shares during the period. Timber Creek Capital Management LLC purchased a new position in shares of Relx during the first quarter worth $43,000. Finally, Indiana Trust & Investment Management CO purchased a new position in shares of Relx during the second quarter worth $52,000. Hedge funds and other institutional investors own 15.02% of the company’s stock.

Relx Company Profile

RELX PLC, together with its subsidiaries, provides information-based analytics and decision tools for professional and business customers in North America, Europe, and internationally. It operates through four segments: Risk; Scientific, Technical & Medical; Legal; and Exhibitions. The Risk segment offers information-based analytics and decision tools that combine public and industry specific content with technology and algorithms to assist clients in evaluating and predicting risk.