Pure Cycle Corporation (NASDAQ:PCYO – Get Free Report) passed above its 200-day moving average during trading on Monday. The stock has a 200-day moving average of $10.89 and traded as high as $11.08. Pure Cycle shares last traded at $11.07, with a volume of 41,759 shares changing hands.
Analyst Upgrades and Downgrades
Separately, Weiss Ratings cut Pure Cycle from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Wednesday, October 28th. One research analyst has rated the stock with a Hold rating. Based on data from MarketBeat, the company presently has a consensus rating of “Hold”.
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Pure Cycle Price Performance
The company has a debt-to-equity ratio of 0.08, a quick ratio of 1.13 and a current ratio of 1.53. The company has a market capitalization of $266.79 million, a PE ratio of 18.15 and a beta of 1.16. The company’s 50-day simple moving average is $10.94 and its 200-day simple moving average is $10.89.
Institutional Trading of Pure Cycle
Hedge funds have recently modified their holdings of the business. Parallel Advisors LLC acquired a new stake in Pure Cycle in the first quarter valued at $111,000. Lido Advisors LLC acquired a new position in shares of Pure Cycle during the 1st quarter worth $205,000. Leo Wealth LLC acquired a new position in shares of Pure Cycle during the 3rd quarter worth $246,000. John G Ullman & Associates Inc. acquired a new position in shares of Pure Cycle during the 1st quarter worth $265,000. Finally, Marquette Asset Management LLC purchased a new position in shares of Pure Cycle in the 2nd quarter valued at about $270,000. 51.39% of the stock is owned by institutional investors and hedge funds.
About Pure Cycle
Pure Cycle Corporation is a water and wastewater services company based in Colorado. The company develops, owns and operates water and wastewater systems, supplying treated water and providing wastewater collection, treatment and reclamation services for residential, commercial and municipal customers.
Pure Cycle owns water rights and related infrastructure in the South Platte River Basin and operates facilities that include water treatment, storage and distribution systems, as well as wastewater treatment and reclamation assets.
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