Pure Cycle (NASDAQ:PCYO) Stock Passes Below Two Hundred Day Moving Average – Here’s What Happened

Pure Cycle Corporation (NASDAQ:PCYO) shares crossed below its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of $11.02 and traded as low as $9.75. Pure Cycle shares last traded at $9.92, with a volume of 190,055 shares traded.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings cut shares of Pure Cycle from a “hold (c+)” rating to a “hold (c)” rating in a research report on Friday. 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 Price Performance

The company has a debt-to-equity ratio of 0.04, a quick ratio of 0.83 and a current ratio of 1.39. The firm has a fifty day simple moving average of $10.81 and a 200 day simple moving average of $11.02. The company has a market capitalization of $239.11 million, a PE ratio of 17.10 and a beta of 1.29.

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

Institutional Inflows and Outflows

Institutional investors have recently added to or reduced their stakes in the business. BNP Paribas Financial Markets raised its stake in Pure Cycle by 64.0% in the third quarter. BNP Paribas Financial Markets now owns 3,878 shares of the utilities provider’s stock worth $43,000 after buying an additional 1,513 shares in the last quarter. JPMorgan Chase & Co. increased its holdings in shares of Pure Cycle by 16.1% in the 3rd quarter. JPMorgan Chase & Co. now owns 10,984 shares of the utilities provider’s stock valued at $122,000 after acquiring an additional 1,521 shares during the period. Russell Investments Group Ltd. increased its holdings in shares of Pure Cycle by 143.4% in the 3rd quarter. Russell Investments Group Ltd. now owns 2,634 shares of the utilities provider’s stock valued at $29,000 after acquiring an additional 1,552 shares during the period. Alliancebernstein L.P. raised its position in shares of Pure Cycle by 8.5% in the 3rd quarter. Alliancebernstein L.P. now owns 20,320 shares of the utilities provider’s stock worth $225,000 after acquiring an additional 1,600 shares in the last quarter. Finally, AQR Capital Management LLC lifted its stake in shares of Pure Cycle by 11.1% during the 4th quarter. AQR Capital Management LLC now owns 20,007 shares of the utilities provider’s stock worth $220,000 after purchasing an additional 2,004 shares during the last quarter. Hedge funds and other institutional investors 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.