Pure Cycle (NASDAQ:PCYO) Shares Cross Above 200-Day Moving Average - What's Next?

Pure Cycle Corporation (NASDAQ:PCYO - Get Free Report) shares passed above its two hundred day moving average during trading on Tuesday . The stock has a two hundred day moving average of $11.05 and traded as high as $11.57. Pure Cycle shares last traded at $11.48, with a volume of 36,954 shares changing hands.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings reissued a "hold (c+)" rating on shares of Pure Cycle in a report on Friday, March 27th. One investment analyst has rated the stock with a Hold rating, Based on data from MarketBeat, Pure Cycle currently has a consensus rating of "Hold".

Pure Cycle Price Performance

The stock's fifty day moving average is $10.71 and its 200-day moving average is $11.05. The company has a debt-to-equity ratio of 0.04, a current ratio of 1.39 and a quick ratio of 0.83. The stock has a market cap of $276.67 million, a PE ratio of 19.79 and a beta of 1.29.

Pure Cycle (NASDAQ:PCYO - Get Free Report) last posted its earnings results on Wednesday, April 8th. The utilities provider reported $0.05 EPS for the quarter. Pure Cycle had a net margin of 45.80% and a return on equity of 9.75%. The company had revenue of $5.17 million for the quarter.

Institutional Inflows and Outflows

A number of large investors have recently bought and sold shares of the stock. Vanguard Group Inc. lifted its position in Pure Cycle by 2.1% in the third quarter. Vanguard Group Inc. now owns 1,165,271 shares of the utilities provider's stock valued at $12,900,000 after buying an additional 23,656 shares during the last quarter. ArrowMark Colorado Holdings LLC lifted its position in Pure Cycle by 14.3% in the third quarter. ArrowMark Colorado Holdings LLC now owns 672,927 shares of the utilities provider's stock valued at $7,449,000 after buying an additional 84,420 shares during the last quarter. Curi Capital LLC lifted its position in Pure Cycle by 319.5% in the second quarter. Curi Capital LLC now owns 672,048 shares of the utilities provider's stock valued at $7,204,000 after buying an additional 511,837 shares during the last quarter. Geode Capital Management LLC lifted its position in Pure Cycle by 2.6% in the fourth quarter. Geode Capital Management LLC now owns 520,873 shares of the utilities provider's stock valued at $5,726,000 after buying an additional 13,146 shares during the last quarter. Finally, First Wilshire Securities Management Inc. lifted its position in Pure Cycle by 130.7% in the fourth quarter. First Wilshire Securities Management Inc. now owns 370,660 shares of the utilities provider's stock valued at $4,074,000 after buying an additional 209,993 shares during the last quarter. Institutional investors and hedge funds own 51.39% of the company's stock.

Pure Cycle Company Profile

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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