Pure Cycle (NASDAQ:PCYO) Shares Pass Above Two Hundred Day Moving Average - What's Next?

Key Points

• Pure Cycle shares moved above their 200-day moving average, reaching $11.14 and last trading at $11.12 versus the $10.82 long-term average.
• Analyst sentiment remains cautious: Weiss Ratings upgraded the stock from “hold (c)” to “hold (c+),” while the overall analyst consensus is still Hold.
• The company reported quarterly EPS of $0.12 on $8.22 million in revenue, with a 43.66% net margin; institutional investors own 51.39% of outstanding shares.

Shares of Pure Cycle Corporation (NASDAQ:PCYO - Get Free Report) crossed above its two hundred day moving average during trading on Friday . The stock has a two hundred day moving average of $10.82 and traded as high as $11.14. Pure Cycle shares last traded at $11.12, with a volume of 59,838 shares trading hands.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings raised Pure Cycle from a "hold (c)" rating to a "hold (c+)" rating in a research note on Wednesday. One analyst has rated the stock with a Hold rating, Based on data from MarketBeat, Pure Cycle currently has an average rating of "Hold".

Pure Cycle Price Performance

The stock has a market cap of $267.99 million, a P/E ratio of 18.23 and a beta of 1.23. The company's 50 day moving average price is $10.99 and its 200-day moving average price is $10.82. The company has a quick ratio of 1.13, a current ratio of 1.53 and a debt-to-equity ratio of 0.08.

Pure Cycle (NASDAQ:PCYO - Get Free Report) last issued its quarterly earnings data on Wednesday, July 8th. The utilities provider reported $0.12 earnings per share for the quarter. The company had revenue of $8.22 million for the quarter. Pure Cycle had a net margin of 43.66% and a return on equity of 9.98%.

Institutional Investors Weigh In On Pure Cycle

Institutional investors have recently made changes to their positions in the stock. Russell Investments Group Ltd. increased its stake in shares of Pure Cycle by 143.4% in the third quarter. Russell Investments Group Ltd. now owns 2,634 shares of the utilities provider's stock valued at $29,000 after buying an additional 1,552 shares during the period. California State Teachers Retirement System raised its position in shares of Pure Cycle by 160.2% during the second quarter. California State Teachers Retirement System now owns 2,935 shares of the utilities provider's stock worth $31,000 after acquiring an additional 1,807 shares during the last quarter. BNP Paribas Financial Markets lifted its stake in shares of Pure Cycle by 64.0% in the third quarter. BNP Paribas Financial Markets now owns 3,878 shares of the utilities provider's stock worth $43,000 after acquiring an additional 1,513 shares during the period. Lazard Asset Management LLC lifted its stake in shares of Pure Cycle by 11,145.1% in the second quarter. Lazard Asset Management LLC now owns 5,735 shares of the utilities provider's stock worth $61,000 after acquiring an additional 5,684 shares during the period. Finally, JPMorgan Chase & Co. lifted its stake in shares of Pure Cycle by 16.1% in the third quarter. JPMorgan Chase & Co. now owns 10,984 shares of the utilities provider's stock worth $122,000 after acquiring an additional 1,521 shares during the period. 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.

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