Pure Cycle (NASDAQ:PCYO) Stock Passes Above 200-Day Moving Average – Should You Sell?

Pure Cycle Corporation (NASDAQ:PCYO) crossed above its two hundred day moving average during trading on Friday . The stock has a two hundred day moving average of $10.82 and traded as high as $11.14. Pure Cycle shares last traded at $11.12, with a volume of 59,838 shares traded.

Analysts Set New Price Targets

Separately, Weiss Ratings raised shares of Pure Cycle from a “hold (c)” rating to a “hold (c+)” rating in a report on Wednesday. One research analyst has rated the stock with a Hold rating, Based on data from MarketBeat.com, the company has a consensus rating of “Hold”.

Pure Cycle Stock Up 0.6%

The company has a debt-to-equity ratio of 0.08, a current ratio of 1.53 and a quick ratio of 1.13. The firm has a market capitalization of $267.99 million, a price-to-earnings ratio of 18.23 and a beta of 1.23. The firm’s 50-day moving average price is $10.99 and its 200 day moving average price is $10.82.

Pure Cycle (NASDAQ:PCYO) last released its quarterly earnings results on Wednesday, July 8th. The utilities provider reported $0.12 earnings per share for the quarter. The company had revenue of $8.22 million during the quarter. Pure Cycle had a return on equity of 9.98% and a net margin of 43.66%.

Hedge Funds Weigh In On Pure Cycle

Several institutional investors have recently added to or reduced their stakes in the business. Russell Investments Group Ltd. increased its stake in shares of Pure Cycle by 143.4% during the 3rd quarter. Russell Investments Group Ltd. now owns 2,634 shares of the utilities provider’s stock valued at $29,000 after acquiring an additional 1,552 shares during the last quarter. California State Teachers Retirement System grew its stake in shares of Pure Cycle by 160.2% during the 2nd quarter. California State Teachers Retirement System now owns 2,935 shares of the utilities provider’s stock valued at $31,000 after buying an additional 1,807 shares during the period. BNP Paribas Financial Markets grew its stake in shares of Pure Cycle by 64.0% during the 3rd quarter. BNP Paribas Financial Markets now owns 3,878 shares of the utilities provider’s stock valued at $43,000 after buying an additional 1,513 shares during the period. Lazard Asset Management LLC increased its holdings in shares of Pure Cycle by 11,145.1% during the 2nd quarter. Lazard Asset Management LLC now owns 5,735 shares of the utilities provider’s stock worth $61,000 after buying an additional 5,684 shares during the last quarter. Finally, JPMorgan Chase & Co. increased its holdings in shares of Pure Cycle by 16.1% during the 3rd quarter. JPMorgan Chase & Co. now owns 10,984 shares of the utilities provider’s stock worth $122,000 after buying an additional 1,521 shares during the last quarter. 51.39% of the stock is currently 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.