Pure Cycle (NASDAQ:PCYO) Stock Price Passes Above 200-Day Moving Average – What’s Next?

Pure Cycle Corporation (NASDAQ:PCYO)’s stock price passed above its two hundred day moving average during trading on Monday . The stock has a two hundred day moving average of $11.02 and traded as high as $11.41. Pure Cycle shares last traded at $11.19, with a volume of 95,326 shares trading hands.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings reiterated a “hold (c+)” rating on shares of Pure Cycle in a research report on Monday, December 29th. One research analyst has rated the stock with a Hold rating, According to MarketBeat.com, the stock currently has an average rating of “Hold”.

Pure Cycle Stock Performance

The stock has a 50 day moving average of $11.35 and a two-hundred day moving average of $11.02. The stock has a market capitalization of $269.57 million, a PE ratio of 19.98 and a beta of 1.34. The company has a debt-to-equity ratio of 0.05, a current ratio of 2.29 and a quick ratio of 1.75.

Pure Cycle (NASDAQ:PCYO) last released its earnings results on Wednesday, January 7th. The utilities provider reported $0.19 EPS for the quarter. The company had revenue of $9.14 million during the quarter. Pure Cycle had a return on equity of 9.79% and a net margin of 46.62%.

Institutional Inflows and Outflows

A number of hedge funds have recently added to or reduced their stakes in PCYO. Squarepoint Ops LLC boosted its stake in shares of Pure Cycle by 24.8% during the 4th quarter. Squarepoint Ops LLC now owns 12,500 shares of the utilities provider’s stock worth $137,000 after acquiring an additional 2,483 shares in the last quarter. Barclays PLC increased its stake in Pure Cycle by 16.8% in the 4th quarter. Barclays PLC now owns 32,583 shares of the utilities provider’s stock valued at $358,000 after purchasing an additional 4,681 shares in the last quarter. Marshall Wace LLP acquired a new position in Pure Cycle during the fourth quarter worth $400,000. Boston Partners boosted its position in Pure Cycle by 10.0% during the fourth quarter. Boston Partners now owns 219,802 shares of the utilities provider’s stock worth $2,416,000 after purchasing an additional 19,894 shares in the last quarter. Finally, Wells Fargo & Company MN boosted its position in Pure Cycle by 53.9% during the fourth quarter. Wells Fargo & Company MN now owns 23,375 shares of the utilities provider’s stock worth $257,000 after purchasing an additional 8,191 shares in the last quarter. 51.39% of the stock is owned by hedge funds and other institutional investors.

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.