StockNews.com Begins Coverage on Relx (NYSE:RELX)

StockNews.com started coverage on shares of Relx (NYSE:RELX) in a research report sent to investors on Tuesday. The firm issued a hold rating on the technology company’s stock.

Separately, Berenberg Bank cut Relx from a buy rating to a hold rating in a research report on Friday, March 1st.

Relx Stock Performance

Relx stock opened at $46.15 on Tuesday. Relx has a fifty-two week low of $31.38 and a fifty-two week high of $46.29. The company has a current ratio of 0.52, a quick ratio of 0.47 and a debt-to-equity ratio of 1.51. The business’s 50-day simple moving average is $43.84 and its two-hundred day simple moving average is $42.44.

Institutional Trading of Relx

A number of institutional investors have recently added to or reduced their stakes in RELX. Financial Management Professionals Inc. lifted its stake in Relx by 192.9% in the 1st quarter. Financial Management Professionals Inc. now owns 867 shares of the technology company’s stock valued at $38,000 after buying an additional 571 shares in the last quarter. Frazier Financial Advisors LLC purchased a new position in Relx in the 4th quarter worth approximately $35,000. Parkside Financial Bank & Trust increased its stake in Relx by 81.1% during the 4th quarter. Parkside Financial Bank & Trust now owns 909 shares of the technology company’s stock worth $36,000 after buying an additional 407 shares during the period. Pinnacle Bancorp Inc. grew its stake in Relx by 90.9% during the 1st quarter. Pinnacle Bancorp Inc. now owns 983 shares of the technology company’s stock valued at $43,000 after purchasing an additional 468 shares in the last quarter. Finally, Timber Creek Capital Management LLC bought a new position in Relx during the 1st quarter valued at $43,000. Hedge funds and other institutional investors own 15.02% of the company’s stock.

About Relx

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.