Pure Cycle (NASDAQ:PCYO) Stock Passes Above 200 Day Moving Average - Should You Sell?

Key Points

• Pure Cycle shares moved above their 200-day moving average of $10.80, reaching $11.41 before closing at $11.26 on trading volume of 33,222 shares.
• Analyst sentiment remains cautious: Weiss Ratings downgraded the stock from “hold (c+)” to “hold (c),” while the sole covering analyst maintains a Hold rating.
• The company reported quarterly EPS of $0.12 on $8.22 million in revenue, with a 43.66% net margin; institutional investors own 51.39% of outstanding shares.

Pure Cycle Corporation (NASDAQ:PCYO - Get Free Report) passed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of $10.80 and traded as high as $11.41. Pure Cycle shares last traded at $11.26, with a volume of 33,222 shares changing hands.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings downgraded shares of Pure Cycle from a "hold (c+)" rating to a "hold (c)" rating in a research note on Monday, August 3rd. One investment analyst has rated the stock with a Hold rating, Based on data from MarketBeat, the stock currently has an average rating of "Hold".

Pure Cycle Stock Performance

The company has a current ratio of 1.53, a quick ratio of 1.13 and a debt-to-equity ratio of 0.08. The company has a 50-day moving average price of $10.82 and a two-hundred day moving average price of $10.80. The stock has a market capitalization of $271.37 million, a P/E ratio of 18.46 and a beta of 1.22.

Pure Cycle (NASDAQ:PCYO - Get Free Report) last issued its earnings results on Wednesday, July 8th. The utilities provider reported $0.12 EPS for the quarter. The company had revenue of $8.22 million during the quarter. Pure Cycle had a return on equity of 9.98% and a net margin of 43.66%.

Institutional Trading of Pure Cycle

Hedge funds and other institutional investors have recently bought and sold shares of the company. Russell Investments Group Ltd. raised its stake in shares of Pure Cycle by 143.4% during the third quarter. Russell Investments Group Ltd. now owns 2,634 shares of the utilities provider's stock worth $29,000 after acquiring an additional 1,552 shares in the last quarter. BNP Paribas Financial Markets lifted 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 acquiring an additional 1,513 shares during the period. Lazard Asset Management LLC grew its holdings in Pure Cycle by 11,145.1% in the second quarter. Lazard Asset Management LLC now owns 5,735 shares of the utilities provider's stock worth $61,000 after purchasing an additional 5,684 shares during the period. JPMorgan Chase & Co. increased its stake in shares of Pure Cycle by 16.1% during the third 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 in the last quarter. Finally, Parallel Advisors LLC bought a new position in Pure Cycle during the 1st quarter valued at approximately $111,000. Institutional investors own 51.39% of the company's stock.

About Pure Cycle

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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