Pure Cycle (NASDAQ:PCYO) Issues Earnings Results

Pure Cycle (NASDAQ:PCYO) issued its quarterly earnings results on Wednesday. The utilities provider reported $0.16 EPS for the quarter, Zacks reports. Pure Cycle had a return on equity of 9.41% and a net margin of 40.40%.

Pure Cycle Stock Performance

Shares of NASDAQ PCYO traded down $0.09 during mid-day trading on Wednesday, hitting $11.98. The company had a trading volume of 47,140 shares, compared to its average volume of 47,259. Pure Cycle has a 12 month low of $8.94 and a 12 month high of $14.63. The company has a debt-to-equity ratio of 0.05, a current ratio of 4.05 and a quick ratio of 3.66. The firm has a market cap of $288.42 million, a P/E ratio of 24.96 and a beta of 1.03. The business’s 50-day simple moving average is $12.91 and its 200-day simple moving average is $11.21.

Insider Buying and Selling at Pure Cycle

In other Pure Cycle news, Director Daniel R. Kozlowski sold 20,000 shares of the business’s stock in a transaction on Thursday, November 21st. The shares were sold at an average price of $13.10, for a total value of $262,000.00. Following the sale, the director now owns 2,668,778 shares of the company’s stock, valued at $34,960,991.80. The trade was a 0.74 % decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Insiders own 17.20% of the company’s stock.

Wall Street Analysts Forecast Growth

Separately, StockNews.com raised shares of Pure Cycle from a “sell” rating to a “buy” rating in a research report on Monday, November 18th.

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.