Pure Cycle (NASDAQ:PCYO) Shares Cross Above 200-Day Moving Average – What’s Next?

Pure Cycle Corporation (NASDAQ:PCYO) passed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of $11.05 and traded as high as $11.57. Pure Cycle shares last traded at $11.48, with a volume of 36,954 shares changing hands.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings reaffirmed a “hold (c+)” rating on shares of Pure Cycle in a research report on Friday, March 27th. One research analyst has rated the stock with a Hold rating, According to data from MarketBeat.com, the stock presently has an average rating of “Hold”.

Pure Cycle Price Performance

The firm has a market cap of $276.67 million, a price-to-earnings ratio of 19.79 and a beta of 1.29. The company has a quick ratio of 0.83, a current ratio of 1.39 and a debt-to-equity ratio of 0.04. The company’s 50-day moving average price is $10.71 and its 200-day moving average price is $11.05.

Pure Cycle (NASDAQ:PCYO) last issued its quarterly earnings results on Wednesday, April 8th. The utilities provider reported $0.05 earnings per share (EPS) for the quarter. The business had revenue of $5.17 million for the quarter. Pure Cycle had a net margin of 45.80% and a return on equity of 9.75%.

Institutional Trading of Pure Cycle

Several hedge funds have recently made changes to their positions in PCYO. Curi Capital LLC lifted its position in shares of Pure Cycle by 319.5% during the second quarter. Curi Capital LLC now owns 672,048 shares of the utilities provider’s stock worth $7,204,000 after purchasing an additional 511,837 shares in the last quarter. First Wilshire Securities Management Inc. lifted its position in shares of Pure Cycle by 130.7% during the fourth quarter. First Wilshire Securities Management Inc. now owns 370,660 shares of the utilities provider’s stock worth $4,074,000 after purchasing an additional 209,993 shares in the last quarter. ArrowMark Colorado Holdings LLC lifted its position in shares of Pure Cycle by 14.3% during the third quarter. ArrowMark Colorado Holdings LLC now owns 672,927 shares of the utilities provider’s stock worth $7,449,000 after purchasing an additional 84,420 shares in the last quarter. North Star Investment Management Corp. acquired a new stake in shares of Pure Cycle during the first quarter worth about $825,000. Finally, Ashton Thomas Private Wealth LLC acquired a new stake in Pure Cycle in the third quarter valued at approximately $780,000. Institutional investors and hedge funds own 51.39% of the company’s stock.

About Pure Cycle

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.