Pure Cycle (NASDAQ:PCYO) Shares Cross Below 200-Day Moving Average of $10.28

Pure Cycle Co. (NASDAQ:PCYO) shares passed below its 200-day moving average during trading on Monday . The stock has a 200-day moving average of $10.28 and traded as low as $10.73. Pure Cycle shares last traded at $10.93, with a volume of 318 shares trading hands.

A number of analysts have issued reports on PCYO shares. ValuEngine raised Pure Cycle from a “buy” rating to a “strong-buy” rating in a research note on Friday, September 6th. BidaskClub cut Pure Cycle from a “buy” rating to a “hold” rating in a report on Friday, August 9th.

The stock has a market cap of $259.91 million, a PE ratio of 121.33 and a beta of 0.56. The business has a 50 day moving average price of $10.60 and a 200 day moving average price of $10.29.

Pure Cycle (NASDAQ:PCYO) last announced its quarterly earnings results on Monday, July 8th. The utilities provider reported $0.05 earnings per share (EPS) for the quarter. Pure Cycle had a return on equity of 3.06% and a net margin of 14.59%. The company had revenue of $5.19 million during the quarter.

Hedge funds have recently bought and sold shares of the stock. BNP Paribas Arbitrage SA increased its holdings in Pure Cycle by 1,618.0% in the 1st quarter. BNP Paribas Arbitrage SA now owns 3,625 shares of the utilities provider’s stock valued at $36,000 after purchasing an additional 3,414 shares in the last quarter. Perritt Capital Management Inc. acquired a new position in shares of Pure Cycle during the second quarter valued at approximately $127,000. SG Americas Securities LLC acquired a new position in shares of Pure Cycle during the first quarter valued at approximately $129,000. Bremer Bank National Association bought a new stake in Pure Cycle during the first quarter worth approximately $131,000. Finally, Beddow Capital Management Inc. bought a new stake in Pure Cycle during the second quarter worth approximately $159,000. 65.67% of the stock is currently owned by hedge funds and other institutional investors.

Pure Cycle Company Profile (NASDAQ:PCYO)

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 Activities. The company offers utility services, including water production, storage, treatment, wastewater collection and treatment, irrigation water treatment and transmission, construction management, billing and collection, and emergency response services, as well as bulk transmission services to retail distribution systems.

Further Reading: What are the economic characteristics of a bear market?

Receive News & Ratings for Pure Cycle Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Pure Cycle and related companies with MarketBeat.com's FREE daily email newsletter.