Pure Cycle (NASDAQ:PCYO) Shares Cross Above Two Hundred Day Moving Average – Should You Sell?

Pure Cycle Corporation (NASDAQ:PCYO)’s share price crossed above its two hundred day moving average during trading on Thursday . The stock has a two hundred day moving average of $10.84 and traded as high as $11.70. Pure Cycle shares last traded at $11.69, with a volume of 45,921 shares trading hands.

Analyst Ratings Changes

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

Pure Cycle Price Performance

The company’s 50 day moving average price is $11.28 and its 200 day moving average price is $10.85. The company has a debt-to-equity ratio of 0.05, a quick ratio of 1.75 and a current ratio of 2.29. The company has a market cap of $280.17 million, a price-to-earnings ratio of 20.77 and a beta of 1.35.

Pure Cycle (NASDAQ:PCYO) last announced its earnings results on Wednesday, January 7th. The utilities provider reported $0.19 earnings per share (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 during the quarter.

Insider Activity

In other news, Director Daniel R. Kozlowski sold 68,778 shares of Pure Cycle stock in a transaction that occurred 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 completion of the transaction, the director owned 2,600,000 shares in the company, valued at approximately $28,626,000. The trade was 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 Investors Weigh In On Pure Cycle

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. EdgeRock Capital LLC acquired a new position in Pure Cycle during the 2nd quarter worth about $336,000. Boston Partners increased its position in Pure Cycle by 49.1% in the 2nd quarter. Boston Partners now owns 187,565 shares of the utilities provider’s stock valued at $2,011,000 after acquiring an additional 61,784 shares in the last quarter. Goldman Sachs Group Inc. raised its stake in shares of Pure Cycle by 39.0% in the first quarter. Goldman Sachs Group Inc. now owns 131,836 shares of the utilities provider’s stock worth $1,380,000 after acquiring an additional 37,018 shares during the last quarter. First Wilshire Securities Management Inc. acquired a new position in shares of Pure Cycle during the second quarter worth approximately $1,271,000. Finally, Los Angeles Capital Management LLC grew its stake in shares of Pure Cycle by 79.0% during the second quarter. Los Angeles Capital Management LLC now owns 32,950 shares of the utilities provider’s stock valued at $353,000 after purchasing an additional 14,540 shares during the last quarter. 51.39% of the stock is owned by institutional investors and hedge funds.

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.