Pure Cycle Corporation (NASDAQ:PCYO - Get Free Report) shares passed below its 200-day moving average during trading on Monday . The stock has a 200-day moving average of $11.14 and traded as low as $10.09. Pure Cycle shares last traded at $10.30, with a volume of 34,938 shares traded.
Pure Cycle Stock Up 2.4%
The company has a debt-to-equity ratio of 0.05, a current ratio of 3.76 and a quick ratio of 3.12. The firm has a 50-day moving average of $10.37 and a 200 day moving average of $11.11. The stock has a market capitalization of $257.42 million, a price-to-earnings ratio of 18.43 and a beta of 1.31.
Pure Cycle (NASDAQ:PCYO - Get Free Report) last announced its quarterly earnings data on Wednesday, April 9th. The utilities provider reported $0.03 earnings per share (EPS) for the quarter. The company had revenue of $4.00 million for the quarter. Pure Cycle had a return on equity of 10.69% and a net margin of 47.39%.
Institutional Trading of Pure Cycle
Several institutional investors and hedge funds have recently added to or reduced their stakes in the company. BNP Paribas Financial Markets increased its stake in shares of Pure Cycle by 87.0% during the 4th quarter. BNP Paribas Financial Markets now owns 8,832 shares of the utilities provider's stock worth $112,000 after purchasing an additional 4,110 shares during the last quarter. Northern Trust Corp lifted its stake in Pure Cycle by 7.9% in the 4th quarter. Northern Trust Corp now owns 192,394 shares of the utilities provider's stock valued at $2,440,000 after purchasing an additional 14,118 shares during the last quarter. JPMorgan Chase & Co. grew its holdings in Pure Cycle by 252.3% during the fourth quarter. JPMorgan Chase & Co. now owns 50,591 shares of the utilities provider's stock worth $641,000 after purchasing an additional 36,232 shares during the period. Millennium Management LLC acquired a new position in Pure Cycle during the fourth quarter worth approximately $166,000. Finally, Bank of America Corp DE increased its position in Pure Cycle by 42.4% during the fourth quarter. Bank of America Corp DE now owns 25,511 shares of the utilities provider's stock worth $323,000 after buying an additional 7,593 shares during the last quarter. 51.39% of the stock is owned by institutional investors.
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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