Pure Cycle (NASDAQ:PCYO) Posts Earnings Results

Pure Cycle (NASDAQ:PCYO - Get Free Report) issued its earnings results on Wednesday. The utilities provider reported $0.09 EPS for the quarter, Zacks reports. The company had revenue of $5.14 million during the quarter. Pure Cycle had a return on equity of 10.26% and a net margin of 49.58%.

Pure Cycle Price Performance

NASDAQ:PCYO traded down $0.24 during midday trading on Thursday, hitting $10.40. 73,642 shares of the stock were exchanged, compared to its average volume of 48,520. The company has a market capitalization of $250.43 million, a price-to-earnings ratio of 18.91 and a beta of 1.31. Pure Cycle has a one year low of $9.17 and a one year high of $14.63. The business has a 50-day moving average price of $10.52 and a two-hundred day moving average price of $10.97. The company has a current ratio of 3.76, a quick ratio of 3.12 and a debt-to-equity ratio of 0.05.

Institutional Inflows and Outflows

A hedge fund recently bought a new stake in Pure Cycle stock. Jane Street Group LLC acquired a new position in Pure Cycle Corporation (NASDAQ:PCYO - Free Report) in the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 19,219 shares of the utilities provider's stock, valued at approximately $201,000. Jane Street Group LLC owned approximately 0.08% of Pure Cycle at the end of the most recent quarter. Institutional investors and hedge funds own 51.39% of the company's stock.

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.