Park City Group (NASDAQ:PCYG) Stock Passes Above Two Hundred Day Moving Average of $11.87

Park City Group, Inc. (NASDAQ:PCYG)’s share price crossed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of $11.87 and traded as high as $15.30. Park City Group shares last traded at $15.10, with a volume of 54,210 shares traded.

Wall Street Analysts Forecast Growth

Separately, StockNews.com initiated coverage on Park City Group in a report on Thursday. They set a “hold” rating for the company.

Park City Group Trading Down 0.7 %

The company has a market capitalization of $274.44 million, a PE ratio of 55.93 and a beta of 1.10. The firm has a fifty day moving average of $14.77 and a two-hundred day moving average of $11.87.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Geode Capital Management LLC grew its holdings in shares of Park City Group by 1.5% in the fourth quarter. Geode Capital Management LLC now owns 114,706 shares of the technology company’s stock worth $567,000 after acquiring an additional 1,652 shares during the period. Ingalls & Snyder LLC lifted its position in Park City Group by 1.1% during the third 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 in the last quarter. Connors Investor Services Inc. lifted its position in Park City Group by 4.5% during the fourth quarter. Connors Investor Services Inc. now owns 46,490 shares of the technology company’s stock valued at $230,000 after purchasing an additional 2,000 shares in the last quarter. Royal Bank of Canada lifted its position in Park City Group by 7.3% during the third quarter. Royal Bank of Canada now owns 31,019 shares of the technology company’s stock valued at $166,000 after purchasing an additional 2,119 shares in the last quarter. Finally, Barclays PLC purchased a new position in Park City Group during the third quarter valued at $26,000. Institutional investors 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.