Pure Cycle (NASDAQ:PCYO) Shares Cross Above 200 Day Moving Average – Here’s What Happened

Pure Cycle Co. (NASDAQ:PCYO)’s stock price passed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of $10.99 and traded as high as $12.98. Pure Cycle shares last traded at $12.96, with a volume of 30,362 shares traded.

Analyst Upgrades and Downgrades

Separately, StockNews.com raised Pure Cycle from a “sell” rating to a “buy” rating in a research note on Monday, November 18th.

Pure Cycle Stock Performance

The company has a debt-to-equity ratio of 0.05, a current ratio of 4.05 and a quick ratio of 3.66. The stock has a market cap of $302.14 million, a PE ratio of 26.15 and a beta of 1.00. The business has a 50 day moving average price of $12.66 and a two-hundred day moving average price of $11.03.

Insider Buying and Selling at Pure Cycle

In other Pure Cycle news, Director Daniel R. Kozlowski sold 20,000 shares of the stock in a transaction that occurred on Thursday, November 21st. The stock was sold at an average price of $13.10, for a total value of $262,000.00. Following the completion of the sale, the director now owns 2,668,778 shares in the company, valued at approximately $34,960,991.80. This trade represents a 0.74 % decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. 17.20% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On Pure Cycle

Hedge funds and other institutional investors have recently made changes to their positions in the business. Magnolia Group LLC grew its holdings in shares of Pure Cycle by 7.0% during the 2nd quarter. Magnolia Group LLC now owns 2,071,911 shares of the utilities provider’s stock worth $19,787,000 after acquiring an additional 135,985 shares during the period. Charles Schwab Investment Management Inc. grew its stake in Pure Cycle by 5.5% in the third quarter. Charles Schwab Investment Management Inc. now owns 58,612 shares of the utilities provider’s stock worth $631,000 after purchasing an additional 3,050 shares during the period. Tealwood Asset Management Inc. bought a new position in Pure Cycle in the third quarter worth $1,267,000. Rhumbline Advisers lifted its position in Pure Cycle by 24.0% during the second quarter. Rhumbline Advisers now owns 33,088 shares of the utilities provider’s stock valued at $316,000 after buying an additional 6,398 shares during the period. Finally, Bank of New York Mellon Corp boosted its holdings in shares of Pure Cycle by 20.1% during the 2nd quarter. Bank of New York Mellon Corp now owns 94,311 shares of the utilities provider’s stock valued at $901,000 after buying an additional 15,759 shares in the last quarter. Institutional investors own 51.39% of the company’s stock.

Pure Cycle Company Profile

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. The company engages in the wholesale water production, storage, treatment, and distribution systems; wastewater collection and treatment systems; development of 930-acre master-planned community; oil and gas leasing business; and construction and leasing of single-family homes.