Pure Cycle (NASDAQ:PCYO) Shares Pass Below Two Hundred Day Moving Average - Here's What Happened

Pure Cycle Corporation (NASDAQ:PCYO - Get Free Report)'s stock price crossed below its two hundred day moving average during trading on Monday . The stock has a two hundred day moving average of $10.82 and traded as low as $9.87. Pure Cycle shares last traded at $9.88, with a volume of 62,100 shares trading hands.

Pure Cycle Stock Up 2.5%

The firm has a market cap of $244.59 million, a PE ratio of 18.47 and a beta of 1.31. The company has a quick ratio of 2.40, a current ratio of 3.52 and a debt-to-equity ratio of 0.05. The stock has a 50-day simple moving average of $10.45 and a two-hundred day simple moving average of $10.77.

Pure Cycle (NASDAQ:PCYO - Get Free Report) last announced its quarterly earnings results on Wednesday, July 9th. The utilities provider reported $0.09 earnings per share (EPS) for the quarter. Pure Cycle had a return on equity of 10.19% and a net margin of 49.58%. The company had revenue of $5.14 million for the quarter.

Institutional Inflows and Outflows

A number of hedge funds have recently bought and sold shares of PCYO. BNP Paribas Financial Markets increased its holdings 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 valued at $112,000 after purchasing an additional 4,110 shares during the period. Deutsche Bank AG purchased a new position in shares of Pure Cycle during the 4th quarter worth approximately $126,000. Beacon Investment Advisory Services Inc. grew its holdings in shares of Pure Cycle by 7.6% during the 2nd quarter. Beacon Investment Advisory Services Inc. now owns 14,166 shares of the utilities provider's stock worth $152,000 after acquiring an additional 1,000 shares during the period. Wells Fargo & Company MN grew its holdings in shares of 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 period. Finally, Millennium Management LLC purchased a new position in shares of Pure Cycle during the 4th quarter worth approximately $166,000. Hedge funds and other institutional investors own 51.39% of the company's stock.

About Pure Cycle

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.