Pure Cycle Corporation (NASDAQ:PCYO - Get Free Report) crossed above its two hundred day moving average during trading on Wednesday . The stock has a two hundred day moving average of $11.01 and traded as high as $11.76. Pure Cycle shares last traded at $11.74, with a volume of 99,092 shares trading hands.
Analyst Upgrades and Downgrades
Separately, Weiss Ratings reiterated a "hold (c+)" rating on shares of Pure Cycle in a research report on Friday, March 27th. One investment analyst has rated the stock with a Hold rating, Based on data from MarketBeat.com, Pure Cycle has an average rating of "Hold".
Get Our Latest Stock Analysis on PCYO
Pure Cycle Trading Up 6.3%
The company has a market cap of $282.82 million, a price-to-earnings ratio of 20.96 and a beta of 1.30. The firm has a 50-day moving average price of $10.63 and a 200 day moving average price of $11.01. The company has a current ratio of 2.29, a quick ratio of 1.75 and a debt-to-equity ratio of 0.05.
Pure Cycle (NASDAQ:PCYO - Get Free Report) last issued its earnings results on Wednesday, April 8th. The utilities provider reported $0.05 EPS for the quarter. Pure Cycle had a return on equity of 9.79% and a net margin of 46.62%.The company had revenue of $5.17 million during the quarter.
Institutional Inflows and Outflows
Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Russell Investments Group Ltd. boosted its position in Pure Cycle by 143.4% during the 3rd quarter. Russell Investments Group Ltd. now owns 2,634 shares of the utilities provider's stock valued at $29,000 after purchasing an additional 1,552 shares during the period. BNP Paribas Financial Markets boosted its position in Pure Cycle by 64.0% during the 3rd quarter. BNP Paribas Financial Markets now owns 3,878 shares of the utilities provider's stock valued at $43,000 after purchasing an additional 1,513 shares during the period. Lazard Asset Management LLC boosted its position in Pure Cycle by 11,145.1% during the 2nd quarter. Lazard Asset Management LLC now owns 5,735 shares of the utilities provider's stock valued at $61,000 after purchasing an additional 5,684 shares during the period. JPMorgan Chase & Co. boosted its position in Pure Cycle by 16.1% during the 3rd quarter. JPMorgan Chase & Co. now owns 10,984 shares of the utilities provider's stock valued at $122,000 after purchasing an additional 1,521 shares during the period. Finally, PNC Financial Services Group Inc. boosted its position in Pure Cycle by 97.2% during the 3rd quarter. PNC Financial Services Group Inc. now owns 12,167 shares of the utilities provider's stock valued at $135,000 after purchasing an additional 5,998 shares during the period. Institutional investors and hedge funds own 51.39% of the company's stock.
About Pure Cycle
(
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.
Further Reading
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