Pure Cycle (NASDAQ:PCYO) Share Price Passes Above Two Hundred Day Moving Average – What’s Next?

Pure Cycle Co. (NASDAQ:PCYO) passed above its two hundred day moving average during trading on Thursday . The stock has a two hundred day moving average of $11.55 and traded as high as $11.99. Pure Cycle shares last traded at $11.58, with a volume of 17,397 shares.

Analysts Set New Price Targets

Separately, StockNews.com lowered shares of Pure Cycle from a “buy” rating to a “hold” rating in a research note on Friday, January 10th.

Pure Cycle Stock Performance

The stock’s 50 day moving average price is $11.98 and its 200 day moving average price is $11.56. The company has a current ratio of 3.56, a quick ratio of 3.09 and a debt-to-equity ratio of 0.05. The company has a market capitalization of $276.68 million, a price-to-earnings ratio of 20.89 and a beta of 1.02.

Pure Cycle (NASDAQ:PCYO) last posted its quarterly earnings data on Wednesday, January 8th. The utilities provider reported $0.16 EPS for the quarter. Pure Cycle had a net margin of 46.32% and a return on equity of 10.54%.

Hedge Funds Weigh In On Pure Cycle

A number of hedge funds and other institutional investors have recently bought and sold shares of PCYO. SG Americas Securities LLC bought a new position in Pure Cycle during the fourth quarter worth about $110,000. BNP Paribas Financial Markets lifted its position in Pure Cycle by 87.0% during the fourth quarter. BNP Paribas Financial Markets now owns 8,832 shares of the utilities provider’s stock worth $112,000 after acquiring an additional 4,110 shares during the last quarter. Deutsche Bank AG acquired a new stake in Pure Cycle during the fourth quarter worth approximately $126,000. Linden Thomas Advisory Services LLC acquired a new stake in Pure Cycle during the fourth quarter worth approximately $148,000. Finally, JPMorgan Chase & Co. lifted its position in Pure Cycle by 58.6% during the third quarter. JPMorgan Chase & Co. now owns 14,359 shares of the utilities provider’s stock worth $155,000 after acquiring an additional 5,305 shares during the last quarter. Institutional investors own 51.39% of the company’s stock.

About Pure Cycle

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.