Pure Cycle (NASDAQ:PCYO) Share Price Crosses Above Two Hundred Day Moving Average – Here’s Why

Pure Cycle Co. (NASDAQ:PCYO)’s share price passed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of $11.55 and traded as high as $11.99. Pure Cycle shares last traded at $11.58, with a volume of 17,397 shares trading hands.

Analysts Set New Price Targets

Separately, StockNews.com cut shares of Pure Cycle from a “buy” rating to a “hold” rating in a report on Friday, January 10th.

Pure Cycle Stock Down 1.8 %

The firm’s fifty day moving average price is $12.06 and its 200-day moving average price is $11.55. The company has a debt-to-equity ratio of 0.05, a current ratio of 3.56 and a quick ratio of 3.09. The firm has a market capitalization of $278.81 million, a P/E ratio of 21.05 and a beta of 1.02.

Pure Cycle (NASDAQ:PCYO) last posted its quarterly earnings data on Wednesday, January 8th. The utilities provider reported $0.16 earnings per share (EPS) for the quarter. Pure Cycle had a net margin of 46.32% and a return on equity of 10.54%.

Institutional Trading of Pure Cycle

Several institutional investors and hedge funds have recently added to or reduced their stakes in the business. Heartland Advisors Inc. lifted its stake in Pure Cycle by 17.5% during the fourth quarter. Heartland Advisors Inc. now owns 627,264 shares of the utilities provider’s stock valued at $7,954,000 after purchasing an additional 93,495 shares during the last quarter. Geode Capital Management LLC lifted its stake in Pure Cycle by 10.7% during the third quarter. Geode Capital Management LLC now owns 510,549 shares of the utilities provider’s stock valued at $5,500,000 after purchasing an additional 49,272 shares during the last quarter. Dimensional Fund Advisors LP lifted its stake in Pure Cycle by 1.4% during the fourth quarter. Dimensional Fund Advisors LP now owns 466,795 shares of the utilities provider’s stock valued at $5,919,000 after purchasing an additional 6,387 shares during the last quarter. State Street Corp lifted its stake in Pure Cycle by 2.5% during the third quarter. State Street Corp now owns 412,332 shares of the utilities provider’s stock valued at $4,441,000 after purchasing an additional 10,124 shares during the last quarter. Finally, Bard Associates Inc. lifted its stake in Pure Cycle by 1.3% during the fourth quarter. Bard Associates Inc. now owns 369,843 shares of the utilities provider’s stock valued at $4,690,000 after purchasing an additional 4,848 shares during the last quarter. 51.39% of the stock is owned by institutional investors and hedge funds.

Pure Cycle Company Profile

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.