Park City Group (NASDAQ:PCYG) Share Price Crosses Above Two Hundred Day Moving Average of $12.09

Park City Group, Inc. (NASDAQ:PCYG)’s stock price crossed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of $12.09 and traded as high as $15.73. Park City Group shares last traded at $15.65, with a volume of 34,910 shares.

Analyst Upgrades and Downgrades

Separately, StockNews.com started coverage on Park City Group in a report on Friday. They issued a “hold” rating for the company.

Park City Group Stock Up 1.2 %

The business’s 50 day simple moving average is $15.09 and its 200-day simple moving average is $12.09. The stock has a market capitalization of $284.44 million, a price-to-earnings ratio of 57.96 and a beta of 1.10.

Hedge Funds Weigh In On Park City Group

Institutional investors have recently modified their holdings of the business. Ingalls & Snyder LLC lifted its stake in Park City Group by 1.1% in the 3rd quarter. Ingalls & Snyder LLC now owns 169,162 shares of the technology company’s stock valued at $1,482,000 after purchasing an additional 1,805 shares during the last quarter. Bailard Inc. grew its stake in shares of Park City Group by 53.8% during the third quarter. Bailard Inc. now owns 16,299 shares of the technology company’s stock worth $143,000 after buying an additional 5,699 shares during the last quarter. Connor Clark & Lunn Investment Management Ltd. acquired a new position in shares of Park City Group during the third quarter worth $125,000. Ritholtz Wealth Management bought a new position in shares of Park City Group in the 3rd quarter valued at $177,000. Finally, O Shaughnessy Asset Management LLC boosted its holdings in shares of Park City Group by 115.4% during the 3rd quarter. O Shaughnessy Asset Management LLC now owns 41,932 shares of the technology company’s stock valued at $367,000 after acquiring an additional 22,469 shares in the last quarter. Institutional investors and hedge funds own 26.36% of the company’s stock.

About Park City Group

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.