Pure Cycle Corporation (NASDAQ:PCYO - Get Free Report)'s share price passed above its two hundred day moving average during trading on Thursday . The stock has a two hundred day moving average of $11.02 and traded as high as $11.14. Pure Cycle shares last traded at $11.36, with a volume of 23,401 shares.
Pure Cycle Stock Performance
The company has a quick ratio of 3.12, a current ratio of 3.76 and a debt-to-equity ratio of 0.05. The stock has a market cap of $273.43 million, a price-to-earnings ratio of 19.58 and a beta of 1.31. The company's 50-day simple moving average is $10.48 and its 200-day simple moving average is $11.01.
Pure Cycle (NASDAQ:PCYO - Get Free Report) last posted its quarterly earnings data on Wednesday, April 9th. The utilities provider reported $0.03 earnings per share for the quarter. Pure Cycle had a net margin of 47.39% and a return on equity of 10.69%. The firm had revenue of $4.00 million for the quarter.
Hedge Funds Weigh In On Pure Cycle
Several institutional investors and hedge funds have recently added to or reduced their stakes in PCYO. BNP Paribas Financial Markets lifted its position in 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 acquiring an additional 4,110 shares during the last quarter. Deutsche Bank AG acquired a new position in Pure Cycle during the 4th quarter worth $126,000. Wells Fargo & Company MN lifted its position in Pure Cycle by 23.8% during the 4th quarter. Wells Fargo & Company MN now owns 12,191 shares of the utilities provider's stock worth $155,000 after acquiring an additional 2,343 shares during the last quarter. Millennium Management LLC acquired a new position in Pure Cycle during the 4th quarter worth $166,000. Finally, Jane Street Group LLC bought a new position in shares of Pure Cycle during the 1st quarter worth about $201,000. 51.39% of the stock is currently owned by hedge funds and other 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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