Pure Cycle (NASDAQ:PCYO) Stock Passes Below 200 Day Moving Average – Here’s Why

Pure Cycle Corporation (NASDAQ:PCYO) shares crossed below its two hundred day moving average during trading on Monday . The stock has a two hundred day moving average of $10.80 and traded as low as $10.77. Pure Cycle shares last traded at $10.82, with a volume of 37,907 shares traded.

Analyst Ratings Changes

A number of equities research analysts have recently issued reports on the stock. Wall Street Zen upgraded shares of Pure Cycle from a “sell” rating to a “hold” rating in a report on Saturday, September 13th. Weiss Ratings reiterated a “hold (c+)” rating on shares of Pure Cycle in a research report on Monday, December 29th. One research analyst has rated the stock with a Hold rating, According to data from MarketBeat, Pure Cycle has an average rating of “Hold”.

Pure Cycle Stock Up 0.1%

The business has a fifty day moving average price of $11.23 and a two-hundred day moving average price of $10.80. The company has a current ratio of 2.72, a quick ratio of 2.09 and a debt-to-equity ratio of 0.04. The company has a market cap of $260.66 million, a price-to-earnings ratio of 20.42 and a beta of 1.35.

Pure Cycle (NASDAQ:PCYO) last released its quarterly earnings data on Wednesday, November 12th. The utilities provider reported $0.25 earnings per share for the quarter. Pure Cycle had a net margin of 50.26% and a return on equity of 9.58%. The firm had revenue of $11.20 million for the quarter.

Insider Buying and Selling at Pure Cycle

In other news, Director Daniel R. Kozlowski sold 68,778 shares of the company’s stock in a transaction on Monday, November 17th. The shares were sold at an average price of $11.01, for a total value of $757,245.78. Following the transaction, the director directly owned 2,600,000 shares of the company’s stock, valued at approximately $28,626,000. This represents a 2.58% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Company insiders own 6.10% of the company’s stock.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently bought and sold shares of PCYO. Curi Capital LLC raised its stake in shares of Pure Cycle by 319.5% during the 2nd quarter. Curi Capital LLC now owns 672,048 shares of the utilities provider’s stock worth $7,204,000 after purchasing an additional 511,837 shares in the last quarter. First Wilshire Securities Management Inc. acquired a new position in Pure Cycle in the second quarter worth approximately $1,271,000. ArrowMark Colorado Holdings LLC raised its position in Pure Cycle by 14.3% during the third quarter. ArrowMark Colorado Holdings LLC now owns 672,927 shares of the utilities provider’s stock valued at $7,449,000 after acquiring an additional 84,420 shares in the last quarter. Tealwood Asset Management Inc. lifted its stake in Pure Cycle by 75.0% in the third quarter. Tealwood Asset Management Inc. now owns 195,146 shares of the utilities provider’s stock valued at $2,160,000 after acquiring an additional 83,614 shares during the last quarter. Finally, Ashton Thomas Private Wealth LLC bought a new stake in Pure Cycle in the third quarter worth approximately $780,000. 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.