Pure Cycle (NASDAQ:PCYO) Share Price Passes Above 200 Day Moving Average – Time to Sell?

Shares of Pure Cycle Corporation (NASDAQ:PCYO) crossed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of $10.87 and traded as high as $11.93. Pure Cycle shares last traded at $11.83, with a volume of 45,452 shares changing hands.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings reiterated a “hold (c+)” rating on shares of Pure Cycle in a research report on Monday, December 29th. One equities research analyst has rated the stock with a Hold rating, Based on data from MarketBeat.com, Pure Cycle has a consensus rating of “Hold”.

Pure Cycle Trading Down 0.9%

The company has a current ratio of 2.29, a quick ratio of 1.75 and a debt-to-equity ratio of 0.05. The company has a market cap of $284.98 million, a PE ratio of 21.13 and a beta of 1.35. The stock has a 50 day moving average price of $11.34 and a 200 day moving average price of $10.87.

Pure Cycle (NASDAQ:PCYO) last posted its quarterly earnings data on Wednesday, January 7th. The utilities provider reported $0.19 EPS for the quarter. Pure Cycle had a net margin of 46.62% and a return on equity of 9.79%. The business had revenue of $9.14 million for the quarter.

Insider Buying and Selling

In other news, Director Daniel R. Kozlowski sold 68,778 shares of the stock in a transaction on Monday, November 17th. The stock was sold at an average price of $11.01, for a total value of $757,245.78. Following the sale, 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 is accessible through this link. Company insiders own 6.10% of the company’s stock.

Institutional Trading of Pure Cycle

Several institutional investors have recently bought and sold shares of PCYO. Russell Investments Group Ltd. lifted its stake in shares of Pure Cycle by 143.4% in the third quarter. Russell Investments Group Ltd. now owns 2,634 shares of the utilities provider’s stock worth $29,000 after buying an additional 1,552 shares in the last quarter. BNP Paribas Financial Markets increased its position in shares of Pure Cycle by 64.0% during the third quarter. BNP Paribas Financial Markets now owns 3,878 shares of the utilities provider’s stock valued at $43,000 after acquiring an additional 1,513 shares in the last quarter. Lazard Asset Management LLC raised its holdings in Pure Cycle by 11,145.1% in the 2nd quarter. Lazard Asset Management LLC now owns 5,735 shares of the utilities provider’s stock worth $61,000 after acquiring an additional 5,684 shares during the last quarter. Kelleher Financial Advisors purchased a new position in Pure Cycle in the 2nd quarter worth approximately $107,000. Finally, NorthRock Partners LLC bought a new position in Pure Cycle in the 2nd quarter valued at approximately $108,000. 51.39% of the stock is owned by hedge funds and other institutional investors.

About Pure Cycle

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.