Relx (NYSE:RELX) Sets New 52-Week Low – Here’s Why

Relx Plc (NYSE:RELX) shares hit a new 52-week low during trading on Tuesday . The stock traded as low as $35.42 and last traded at $35.5360, with a volume of 2399444 shares changing hands. The stock had previously closed at $35.80.

Analyst Upgrades and Downgrades

A number of equities research analysts recently issued reports on RELX shares. Citigroup initiated coverage on shares of Relx in a research note on Monday, January 12th. They issued a “neutral” rating on the stock. Barclays reiterated an “overweight” rating on shares of Relx in a research report on Tuesday, October 7th. Zacks Research raised shares of Relx from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, January 6th. Weiss Ratings reaffirmed a “hold (c+)” rating on shares of Relx in a research note on Monday, December 29th. Finally, Morgan Stanley reiterated an “overweight” rating on shares of Relx in a research note on Monday. Two analysts have rated the stock with a Strong Buy rating, four have issued a Buy rating and two have given a Hold rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Buy”.

Relx Trading Down 0.7%

The company has a debt-to-equity ratio of 2.55, a quick ratio of 0.42 and a current ratio of 0.47. The business’s 50-day moving average is $40.40 and its two-hundred day moving average is $44.44.

Institutional Investors Weigh In On Relx

Several hedge funds and other institutional investors have recently made changes to their positions in the stock. Frank Rimerman Advisors LLC boosted its stake in Relx by 3.5% during the second quarter. Frank Rimerman Advisors LLC now owns 6,866 shares of the technology company’s stock worth $373,000 after buying an additional 230 shares during the last quarter. Venturi Wealth Management LLC increased its stake in shares of Relx by 1.0% in the 2nd quarter. Venturi Wealth Management LLC now owns 24,476 shares of the technology company’s stock worth $1,330,000 after acquiring an additional 232 shares during the last quarter. Whipplewood Advisors LLC raised its holdings in shares of Relx by 15.7% during the 2nd quarter. Whipplewood Advisors LLC now owns 1,719 shares of the technology company’s stock worth $93,000 after acquiring an additional 233 shares during the period. Global Retirement Partners LLC boosted its position in shares of Relx by 6.3% during the 3rd quarter. Global Retirement Partners LLC now owns 4,067 shares of the technology company’s stock valued at $194,000 after acquiring an additional 240 shares during the last quarter. Finally, Marks Group Wealth Management Inc grew its holdings in shares of Relx by 1.0% in the second quarter. Marks Group Wealth Management Inc now owns 23,789 shares of the technology company’s stock valued at $1,293,000 after purchasing an additional 243 shares during the period. Institutional investors and hedge funds own 15.02% of the company’s stock.

Relx Company Profile

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.