Pure Cycle Corporation (NASDAQ:PCYO - Get Free Report)'s stock price passed above its two hundred day moving average during trading on Wednesday . The stock has a two hundred day moving average of $10.80 and traded as high as $11.70. Pure Cycle shares last traded at $11.52, with a volume of 48,838 shares trading hands.
Wall Street Analyst Weigh In
Separately, Weiss Ratings cut shares of Pure Cycle from a "hold (c+)" rating to a "hold (c)" rating in a research report on Monday, August 3rd. One research analyst has rated the stock with a Hold rating, According to data from MarketBeat.com, the company has a consensus rating of "Hold".
Check Out Our Latest Stock Analysis on PCYO
Pure Cycle Trading Down 1.5%
The company has a debt-to-equity ratio of 0.08, a current ratio of 1.53 and a quick ratio of 1.13. The business's 50-day moving average price is $10.95 and its 200-day moving average price is $10.80. The firm has a market capitalization of $277.60 million, a PE ratio of 18.89 and a beta of 1.22.
Pure Cycle (NASDAQ:PCYO - Get Free Report) last posted its quarterly earnings data on Wednesday, July 8th. The utilities provider reported $0.12 EPS for the quarter. The firm had revenue of $8.22 million during the quarter. Pure Cycle had a return on equity of 9.98% and a net margin of 43.66%.
Institutional Investors Weigh In On Pure Cycle
Several institutional investors have recently made changes to their positions in the stock. Goldman Sachs Group Inc. increased its holdings in shares of Pure Cycle by 39.0% in the 1st quarter. Goldman Sachs Group Inc. now owns 131,836 shares of the utilities provider's stock valued at $1,380,000 after purchasing an additional 37,018 shares in the last quarter. Jane Street Group LLC acquired a new position in Pure Cycle during the first quarter worth about $201,000. Rhumbline Advisers increased its holdings in Pure Cycle by 20.4% in the second quarter. Rhumbline Advisers now owns 40,489 shares of the utilities provider's stock valued at $434,000 after buying an additional 6,856 shares in the last quarter. Marshall Wace LLP increased its holdings in Pure Cycle by 120.2% in the second quarter. Marshall Wace LLP now owns 26,736 shares of the utilities provider's stock valued at $287,000 after buying an additional 14,592 shares in the last quarter. Finally, Curi Capital LLC lifted its position 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 valued at $7,204,000 after acquiring an additional 511,837 shares during the period. 51.39% of the stock is currently owned by hedge funds and other institutional investors.
Pure Cycle Company Profile
(
Get Free Report)
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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