Pure Cycle (NASDAQ:PCYO) Stock Price Crosses Below Two Hundred Day Moving Average – What’s Next?

Shares of Pure Cycle Corporation (NASDAQ:PCYO) crossed below its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of $11.00 and traded as low as $10.08. Pure Cycle shares last traded at $10.12, with a volume of 41,940 shares traded.

Analyst Ratings Changes

Separately, Weiss Ratings cut Pure Cycle from a “hold (c+)” rating to a “hold (c)” rating in a report on Friday, May 22nd. One equities research analyst has rated the stock with a Hold rating, According to MarketBeat.com, Pure Cycle has a consensus rating of “Hold”.

Pure Cycle Price Performance

The stock has a market capitalization of $243.89 million, a P/E ratio of 17.45 and a beta of 1.24. 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 stock has a 50-day simple moving average of $10.81 and a 200 day simple moving average of $11.00.

Pure Cycle (NASDAQ:PCYO) last announced its quarterly earnings data on Wednesday, April 8th. The utilities provider reported $0.05 EPS for the quarter. The firm 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

Hedge funds and other institutional investors have recently made changes to their positions in the stock. Russell Investments Group Ltd. boosted its position 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 worth $29,000 after purchasing an additional 1,552 shares during the last quarter. BNP Paribas Financial Markets raised its stake in shares of Pure Cycle by 64.0% in the 3rd quarter. BNP Paribas Financial Markets now owns 3,878 shares of the utilities provider’s stock valued at $43,000 after purchasing an additional 1,513 shares during the period. Lazard Asset Management LLC increased its position in shares of 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 valued at $61,000 after acquiring an additional 5,684 shares during the last quarter. JPMorgan Chase & Co. increased its position in shares of Pure Cycle by 16.1% in the third 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 last quarter. Finally, Parallel Advisors LLC acquired a new stake in shares of Pure Cycle in the first quarter valued at about $111,000. 51.39% of the stock is currently owned by institutional investors.

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.