Park City Group (NASDAQ:PCYG) Upgraded by ValuEngine to “Hold”

Park City Group (NASDAQ:PCYG) was upgraded by investment analysts at ValuEngine from a “sell” rating to a “hold” rating in a research report issued on Thursday, ValuEngine reports.

Separately, Zacks Investment Research raised shares of Park City Group from a “sell” rating to a “hold” rating in a research note on Tuesday, August 27th.

Shares of NASDAQ PCYG traded up $0.85 on Thursday, reaching $7.65. 348,639 shares of the company traded hands, compared to its average volume of 54,377. Park City Group has a fifty-two week low of $4.76 and a fifty-two week high of $10.33. The company has a 50 day moving average of $5.59 and a 200 day moving average of $6.41. The company has a current ratio of 3.07, a quick ratio of 3.07 and a debt-to-equity ratio of 0.01. The stock has a market capitalization of $152.01 million, a PE ratio of 51.00, a P/E/G ratio of 1.11 and a beta of 1.65.



Large investors have recently modified their holdings of the company. Acadian Asset Management LLC purchased a new stake in shares of Park City Group during the 2nd quarter worth about $46,000. Weiss Asset Management LP purchased a new stake in shares of Park City Group during the 2nd quarter worth about $88,000. Connors Investor Services Inc. grew its holdings in shares of Park City Group by 8.0% during the 2nd quarter. Connors Investor Services Inc. now owns 47,886 shares of the technology company’s stock worth $257,000 after purchasing an additional 3,534 shares during the period. Paloma Partners Management Co purchased a new stake in shares of Park City Group during the 2nd quarter worth about $306,000. Finally, Handelsbanken Fonder AB purchased a new stake in shares of Park City Group during the 1st quarter worth about $487,000. Institutional investors and hedge funds own 24.13% of the company’s stock.

Park City Group Company Profile

Park City Group, Inc, a software-as-a-service provider, designs, develops, and markets proprietary software products in the United States. The company offers ReposiTrak MarketPlace, a supplier discovery and B2B e-commerce solution that is used for sourcing products, and enables to screen and choose suppliers; ReposiTrak Compliance and Food Safety Solutions, which reduces potential regulatory and legal risk from their supply chain partners; and ReposiTrak Supply Chain Solutions, which enables customers to manage relationships with suppliers.

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