Pure Cycle (NASDAQ:PCYO) Share Price Passes Below Two Hundred Day Moving Average of $9.89

Pure Cycle Co. (NASDAQ:PCYO)’s share price passed below its 200-day moving average during trading on Monday . The stock has a 200-day moving average of $9.89 and traded as low as $9.56. Pure Cycle shares last traded at $9.64, with a volume of 40,958 shares changing hands.

Analyst Ratings Changes

Separately, StockNews.com cut Pure Cycle from a “hold” rating to a “sell” rating in a report on Friday, April 12th.

Pure Cycle Stock Up 1.2 %

The firm has a 50-day simple moving average of $9.67 and a two-hundred day simple moving average of $9.89. The stock has a market cap of $232.23 million, a P/E ratio of 35.71 and a beta of 0.97. The company has a current ratio of 4.10, a quick ratio of 3.56 and a debt-to-equity ratio of 0.06.

Institutional Trading of Pure Cycle

Several hedge funds and other institutional investors have recently bought and sold shares of PCYO. Tower Research Capital LLC TRC increased its holdings in shares of Pure Cycle by 142.9% during the fourth quarter. Tower Research Capital LLC TRC now owns 2,990 shares of the utilities provider’s stock worth $31,000 after purchasing an additional 1,759 shares during the period. Jackson Hole Capital Partners LLC acquired a new stake in Pure Cycle during the third quarter worth approximately $132,000. Skylands Capital LLC increased its stake in Pure Cycle by 6.2% during the 3rd quarter. Skylands Capital LLC now owns 20,702 shares of the utilities provider’s stock worth $199,000 after acquiring an additional 1,202 shares during the period. Panagora Asset Management Inc. bought a new stake in shares of Pure Cycle during the 3rd quarter valued at $215,000. Finally, Quadrature Capital Ltd bought a new stake in shares of Pure Cycle during the 3rd quarter valued at $237,000. Institutional investors and hedge funds own 51.39% of the company’s stock.

About Pure Cycle

Pure Cycle Corporation designs, constructs, operates, and maintains water and wastewater systems in the Denver metropolitan area and Colorado Front Range in the United States. It operates in two segments, Wholesale Water and Wastewater Services, and Land Development. The company engages in the wholesale water production, storage, treatment, and distribution systems; wastewater collection and treatment systems; development of 930-acre master-planned community; oil and gas leasing business; and construction and leasing of single-family homes.