Pure Cycle (NASDAQ:PCYO - Get Free Report) posted its earnings results on Wednesday. The utilities provider reported $0.09 earnings per share for the quarter, Zacks reports. The company had revenue of $5.14 million for the quarter. Pure Cycle had a net margin of 49.58% and a return on equity of 10.19%.
Pure Cycle Stock Down 3.4%
Shares of Pure Cycle stock traded down $0.35 on Friday, hitting $10.05. The company had a trading volume of 64,538 shares, compared to its average volume of 47,204. The firm has a market capitalization of $241.90 million, a P/E ratio of 18.27 and a beta of 1.31. Pure Cycle has a twelve month low of $9.49 and a twelve month high of $14.63. The company has a debt-to-equity ratio of 0.05, a current ratio of 3.52 and a quick ratio of 3.12. The stock has a 50-day moving average of $10.53 and a 200-day moving average of $10.93.
Institutional Inflows and Outflows
A hedge fund recently bought a new stake in Pure Cycle stock. Jane Street Group LLC purchased a new stake in Pure Cycle Corporation (NASDAQ:PCYO - Free Report) in the 1st quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor purchased 19,219 shares of the utilities provider's stock, valued at approximately $201,000. Jane Street Group LLC owned 0.08% of Pure Cycle as of its most recent SEC filing. Institutional investors and hedge funds own 51.39% of the company's stock.
About Pure Cycle
(
Get Free Report)
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.
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