Pure Cycle (NASDAQ:PCYO) Stock Crosses Below Two Hundred Day Moving Average – What’s Next?

Pure Cycle Corporation (NASDAQ:PCYO)’s share price passed below its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of $11.00 and traded as low as $10.08. Pure Cycle shares last traded at $10.12, with a volume of 41,940 shares trading hands.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings lowered shares of Pure Cycle from a “hold (c+)” rating to a “hold (c)” rating in a research note on Friday, May 22nd. One analyst has rated the stock with a Hold rating, Based on data from MarketBeat, the stock currently has an average rating of “Hold”.

Pure Cycle Stock Up 1.6%

The business has a 50 day moving average of $10.83 and a 200-day moving average of $10.99. The stock has a market cap of $252.57 million, a PE ratio of 18.07 and a beta of 1.24. The company has a current ratio of 1.39, a quick ratio of 0.83 and a debt-to-equity ratio of 0.04.

Pure Cycle (NASDAQ:PCYO) last released its quarterly earnings results on Wednesday, April 8th. The utilities provider reported $0.05 earnings per share (EPS) for the quarter. The firm had revenue of $5.17 million for the quarter. Pure Cycle had a return on equity of 9.75% and a net margin of 45.80%.

Institutional Inflows and Outflows

A number of hedge funds have recently added to or reduced their stakes in the company. Ashton Thomas Private Wealth LLC purchased a new position in shares of Pure Cycle during the third quarter worth about $780,000. ArrowMark Colorado Holdings LLC grew its holdings in shares of Pure Cycle by 14.3% during the third quarter. ArrowMark Colorado Holdings LLC now owns 672,927 shares of the utilities provider’s stock worth $7,449,000 after buying an additional 84,420 shares during the last quarter. PNC Financial Services Group Inc. grew its holdings in shares of Pure Cycle by 97.2% during the third quarter. PNC Financial Services Group Inc. now owns 12,167 shares of the utilities provider’s stock worth $135,000 after buying an additional 5,998 shares during the last quarter. Epiq Partners LLC grew its holdings in shares of Pure Cycle by 1.4% during the third quarter. Epiq Partners LLC now owns 259,244 shares of the utilities provider’s stock worth $2,870,000 after buying an additional 3,704 shares during the last quarter. Finally, Diamond Hill Capital Management Inc. boosted its holdings in shares of Pure Cycle by 14.5% in the third quarter. Diamond Hill Capital Management Inc. now owns 79,413 shares of the utilities provider’s stock valued at $879,000 after acquiring an additional 10,055 shares in the last quarter. Hedge funds and other institutional investors own 51.39% of the company’s stock.

About Pure Cycle

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.