Pure Cycle (NASDAQ:PCYO) Shares Cross Above Two Hundred Day Moving Average – Here’s Why

Shares of Pure Cycle Corporation (NASDAQ:PCYO) crossed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of $10.80 and traded as high as $11.41. Pure Cycle shares last traded at $11.26, with a volume of 33,222 shares.

Analysts Set New Price Targets

Separately, Weiss Ratings lowered Pure Cycle from a “hold (c+)” rating to a “hold (c)” rating in a report on Monday, August 3rd. One analyst has rated the stock with a Hold rating, According to MarketBeat.com, the company has an average rating of “Hold”.

Pure Cycle Stock Down 0.7%

The company has a quick ratio of 1.13, a current ratio of 1.53 and a debt-to-equity ratio of 0.08. The company has a market capitalization of $271.37 million, a price-to-earnings ratio of 18.46 and a beta of 1.22. The stock’s fifty day moving average price is $10.82 and its 200-day moving average price is $10.80.

Pure Cycle (NASDAQ:PCYO) last announced its earnings results on Wednesday, July 8th. The utilities provider reported $0.12 EPS for the quarter. Pure Cycle had a net margin of 43.66% and a return on equity of 9.98%. The business had revenue of $8.22 million during the quarter.

Institutional Trading of Pure Cycle

Several institutional investors and hedge funds have recently bought and sold shares of PCYO. Vanguard Group Inc. grew its stake in Pure Cycle by 2.1% in the third quarter. Vanguard Group Inc. now owns 1,165,271 shares of the utilities provider’s stock valued at $12,900,000 after purchasing an additional 23,656 shares in the last quarter. Curi Capital LLC raised its stake in shares of Pure Cycle by 319.5% during the 2nd quarter. Curi Capital LLC now owns 672,048 shares of the utilities provider’s stock worth $7,204,000 after purchasing an additional 511,837 shares in the last quarter. Geode Capital Management LLC boosted its holdings in shares of Pure Cycle by 2.6% in the 4th quarter. Geode Capital Management LLC now owns 520,873 shares of the utilities provider’s stock valued at $5,726,000 after buying an additional 13,146 shares during the last quarter. Dimensional Fund Advisors LP boosted its holdings in shares of Pure Cycle by 3.3% in the 1st quarter. Dimensional Fund Advisors LP now owns 465,015 shares of the utilities provider’s stock valued at $4,678,000 after buying an additional 15,027 shares during the last quarter. Finally, First Wilshire Securities Management Inc. boosted its holdings in shares of Pure Cycle by 15.1% in the 1st quarter. First Wilshire Securities Management Inc. now owns 426,687 shares of the utilities provider’s stock valued at $4,292,000 after buying an additional 56,027 shares during the last quarter. Institutional investors own 51.39% of the company’s stock.

Pure Cycle Company Profile

Pure Cycle Corporation (NASDAQ:PCYO) is a Colorado-based utility and real estate development company focused on water resource management and land development along the Front Range. The company’s core operations involve the acquisition, treatment and distribution of potable water, as well as the collection and treatment of wastewater, serving suburban and rural communities in the Denver metropolitan area. Pure Cycle holds substantial water rights and operates distribution and treatment facilities under a regulated utility model, providing essential services to residential and commercial customers.

In addition to its water utility business, Pure Cycle engages in real estate development, leveraging its water assets to create fully serviced residential communities.