Park City Group (NASDAQ:PCYG) Downgraded by StockNews.com to “Hold”

StockNews.com downgraded shares of Park City Group (NASDAQ:PCYGGet Rating) from a buy rating to a hold rating in a research report sent to investors on Thursday.

A number of other research firms also recently issued reports on PCYG. TheStreet downgraded shares of Park City Group from a b- rating to a c+ rating in a report on Friday, April 22nd. DA Davidson cut their price objective on shares of Park City Group to $9.00 and set a na rating for the company in a report on Tuesday.

Shares of PCYG stock opened at $5.68 on Thursday. The company has a market capitalization of $105.65 million, a price-to-earnings ratio of 31.56 and a beta of 1.06. The company has a 50-day simple moving average of $5.14 and a 200 day simple moving average of $5.81. Park City Group has a 52 week low of $4.06 and a 52 week high of $10.68.

Park City Group (NASDAQ:PCYGGet Rating) last announced its earnings results on Monday, May 16th. The technology company reported $0.05 EPS for the quarter, hitting the consensus estimate of $0.05. Park City Group had a net margin of 21.75% and a return on equity of 8.75%.

Large investors have recently modified their holdings of the company. JSF Financial LLC acquired a new position in shares of Park City Group in the 3rd quarter valued at approximately $55,000. Goldman Sachs Group Inc. acquired a new position in shares of Park City Group in the 1st quarter valued at approximately $56,000. Commonwealth Equity Services LLC acquired a new position in shares of Park City Group in the 1st quarter valued at approximately $56,000. Stifel Financial Corp acquired a new position in shares of Park City Group in the 4th quarter valued at approximately $64,000. Finally, WealthTrust Axiom LLC acquired a new position in shares of Park City Group in the 4th quarter valued at approximately $73,000. Institutional investors own 30.05% of the company’s stock.

Park City Group Company Profile (Get Rating)

Park City Group, Inc, a software-as-a-service provider, designs, develops, and markets proprietary software products in North America. The company offers ReposiTrak MarketPlace, a supplier discovery and B2B e-commerce solution; ReposiTrak Compliance and Food Safety solutions, which reduces potential regulatory and legal risk from their supply chain partners; and ReposiTrak Supply Chain solutions that enables customers to manage relationships with suppliers.

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