Pure Cycle (NASDAQ:PCYO) Shares Cross 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 $11.08 and traded as low as $10.33. Pure Cycle shares last traded at $10.34, with a volume of 73,780 shares.

Analysts Set New Price Targets

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

Pure Cycle Stock Down 0.1%

The firm has a 50 day simple moving average of $10.95 and a two-hundred day simple moving average of $11.08. The stock has a market capitalization of $249.09 million, a P/E ratio of 18.46 and a beta of 1.35. The company has a quick ratio of 1.75, a current ratio of 2.29 and a debt-to-equity ratio of 0.05.

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

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of PCYO. AQR Capital Management LLC raised its stake in Pure Cycle by 11.1% during the fourth quarter. AQR Capital Management LLC now owns 20,007 shares of the utilities provider’s stock worth $220,000 after acquiring an additional 2,004 shares in the last quarter. Rothschild Wealth LLC acquired a new stake in shares of Pure Cycle in the 4th quarter valued at approximately $478,000. Squarepoint Ops LLC boosted its stake in shares of Pure Cycle by 24.8% in the 4th quarter. Squarepoint Ops LLC now owns 12,500 shares of the utilities provider’s stock valued at $137,000 after purchasing an additional 2,483 shares in the last quarter. Barclays PLC grew its holdings in shares of Pure Cycle by 16.8% during the 4th quarter. Barclays PLC now owns 32,583 shares of the utilities provider’s stock valued at $358,000 after purchasing an additional 4,681 shares during the last quarter. Finally, Marshall Wace LLP bought a new stake in shares of Pure Cycle during the 4th quarter valued at approximately $400,000. Institutional investors own 51.39% of the company’s stock.

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.