Pure Cycle (NASDAQ:PCYO) Stock Price Passes Above 200 Day Moving Average – What’s Next?

Pure Cycle Corporation (NASDAQ:PCYO)’s share price passed above its two hundred day moving average during trading on Tuesday . The stock has a two hundred day moving average of $10.56 and traded as high as $11.13. Pure Cycle shares last traded at $11.12, with a volume of 44,559 shares changing hands.

Wall Street Analysts Forecast Growth

A number of research firms have recently commented on PCYO. Weiss Ratings raised shares of Pure Cycle from a “hold (c+)” rating to a “buy (b-)” rating in a report on Friday. Wall Street Zen raised shares of Pure Cycle from a “sell” rating to a “hold” rating in a research report on Saturday, September 13th. One investment analyst has rated the stock with a Buy rating, According to MarketBeat, the company has a consensus rating of “Buy”.

Pure Cycle Stock Performance

The company has a market capitalization of $267.70 million, a P/E ratio of 20.22 and a beta of 1.34. The company has a debt-to-equity ratio of 0.05, a current ratio of 3.52 and a quick ratio of 2.40. The stock’s 50 day simple moving average is $11.03 and its two-hundred day simple moving average is $10.56.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of the company. Lazard Asset Management LLC boosted its position in Pure Cycle by 11,145.1% in the 2nd quarter. Lazard Asset Management LLC now owns 5,735 shares of the utilities provider’s stock valued at $61,000 after buying an additional 5,684 shares during the last quarter. Kelleher Financial Advisors bought a new stake in shares of Pure Cycle during the second quarter worth $107,000. NorthRock Partners LLC acquired a new position in shares of Pure Cycle during the second quarter valued at $108,000. JPMorgan Chase & Co. boosted its holdings in Pure Cycle by 16.1% in the third quarter. JPMorgan Chase & Co. now owns 10,984 shares of the utilities provider’s stock valued at $122,000 after acquiring an additional 1,521 shares during the last quarter. Finally, PNC Financial Services Group Inc. boosted its holdings in Pure Cycle by 97.2% in the third quarter. PNC Financial Services Group Inc. now owns 12,167 shares of the utilities provider’s stock valued at $135,000 after acquiring an additional 5,998 shares during the last quarter. Institutional investors and hedge funds own 51.39% of the company’s stock.

Pure Cycle Company Profile

Pure Cycle Corporation designs, constructs, operates, and maintains water and wastewater systems in the Denver metropolitan area and Colorado Front Range in the United States. It operates in two segments, Wholesale Water and Wastewater Services, and Land Development. The company engages in the wholesale water production, storage, treatment, and distribution systems; wastewater collection and treatment systems; development of 930-acre master-planned community; oil and gas leasing business; and construction and leasing of single-family homes.