Park City Group (NASDAQ:PCYG) Stock Price Crosses Below 200 Day Moving Average of $5.54

Shares of Park City Group, Inc. (NASDAQ:PCYGGet Rating) crossed below its 200-day moving average during trading on Monday . The stock has a 200-day moving average of $5.54 and traded as low as $4.90. Park City Group shares last traded at $4.90, with a volume of 12,474 shares.

Analyst Ratings Changes

PCYG has been the subject of several research reports. TheStreet cut Park City Group from a “b-” rating to a “c+” rating in a research report on Friday, April 22nd. StockNews.com assumed coverage on Park City Group in a report on Tuesday. They set a “hold” rating for the company. Finally, DA Davidson cut their price objective on Park City Group to $9.00 and set a “na” rating for the company in a report on Tuesday, May 17th.

Park City Group Price Performance

The stock has a 50-day moving average of $4.93 and a 200 day moving average of $5.54. The stock has a market capitalization of $91.12 million, a price-to-earnings ratio of 27.22 and a beta of 1.11.

Park City Group (NASDAQ:PCYGGet Rating) last issued its earnings results on Monday, May 16th. The technology company reported $0.05 earnings per share (EPS) for the quarter. Park City Group had a return on equity of 8.75% and a net margin of 21.75%. The firm had revenue of $4.56 million for the quarter.

Hedge Funds Weigh In On Park City Group

Institutional investors have recently modified their holdings of the business. Commonwealth Equity Services LLC bought a new position in shares of Park City Group during the 1st quarter valued at about $56,000. Goldman Sachs Group Inc. bought a new stake in Park City Group in the 1st quarter valued at approximately $56,000. WealthTrust Axiom LLC bought a new stake in Park City Group in the 4th quarter valued at approximately $73,000. Dimensional Fund Advisors LP lifted its stake in Park City Group by 61.3% in the 1st quarter. Dimensional Fund Advisors LP now owns 30,012 shares of the technology company’s stock valued at $158,000 after acquiring an additional 11,409 shares in the last quarter. Finally, State Street Corp lifted its stake in Park City Group by 47.6% in the 1st quarter. State Street Corp now owns 42,461 shares of the technology company’s stock valued at $224,000 after acquiring an additional 13,687 shares in the last quarter. 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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