Pure Cycle (NASDAQ:PCYO) Shares Cross Below 200 Day Moving Average – Time to Sell?

Pure Cycle Corporation (NASDAQ:PCYO) crossed below its two hundred day moving average during trading on Wednesday. The stock has a two hundred day moving average of $10.90 and traded as low as $10.89. Pure Cycle shares last traded at $10.96, with a volume of 52,613 shares trading hands.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings raised Pure Cycle from a “hold (c)” rating to a “hold (c+)” rating in a report on Wednesday, September 9th. One equities research analyst has rated the stock with a Hold rating, Based on data from MarketBeat.com, Pure Cycle has a consensus rating of “Hold”.

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 $267.72 million, a price-to-earnings ratio of 18.21 and a beta of 1.21. The company has a fifty day simple moving average of $11.11 and a two-hundred day simple moving average of $10.90.

Pure Cycle (NASDAQ:PCYO) last released its quarterly earnings data on Wednesday, July 8th. The utilities provider reported $0.12 EPS for the quarter. Pure Cycle had a return on equity of 9.98% and a net margin of 43.66%.The business had revenue of $8.22 million during the quarter.

Institutional Investors Weigh In On Pure Cycle

Several institutional investors and hedge funds have recently modified their holdings of PCYO. Dimensional Fund Advisors LP lifted its stake in shares of Pure Cycle by 3.3% in the first quarter. Dimensional Fund Advisors LP now owns 465,015 shares of the utilities provider’s stock worth $4,678,000 after acquiring an additional 15,027 shares in the last quarter. First Wilshire Securities Management Inc. grew its holdings in Pure Cycle by 15.1% during the 1st quarter. First Wilshire Securities Management Inc. now owns 426,687 shares of the utilities provider’s stock worth $4,292,000 after acquiring an additional 56,027 shares in the last quarter. Epiq Partners LLC raised its stake in shares of Pure Cycle by 0.6% in the 2nd quarter. Epiq Partners LLC now owns 258,962 shares of the utilities provider’s stock valued at $2,773,000 after purchasing an additional 1,445 shares in the last quarter. Diamond Hill Capital Management LLC Investment Advisor acquired a new position in Pure Cycle in the second quarter worth about $872,000. Finally, Bank of New York Mellon Corp acquired a new position in Pure Cycle in the second quarter worth about $863,000. Hedge funds and other institutional investors own 51.39% of the company’s stock.

Pure Cycle Company Profile

Pure Cycle Corporation (NASDAQ: PCYO) is a Colorado-based water and wastewater services company. The company develops, owns and operates water and wastewater systems and provides related utility services to residential, commercial and industrial customers.

Pure Cycle’s operations are focused primarily in the Denver metropolitan area, where it owns water rights and infrastructure and supplies wholesale and retail water and wastewater services. Its activities include water production, treatment and distribution, wastewater collection and treatment, and the development of utility infrastructure for growing communities.

The company has been involved in providing utility services for master-planned developments, including the Sky Ranch community east of Denver.