Pure Cycle (NASDAQ:PCYO) Shares Pass Above 200 Day Moving Average of $9.70

Pure Cycle Co. (NASDAQ:PCYO) crossed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of $9.70 and traded as high as $10.37. Pure Cycle shares last traded at $10.29, with a volume of 53,305 shares traded.

Pure Cycle Price Performance

The company has a debt-to-equity ratio of 0.06, a current ratio of 4.10 and a quick ratio of 3.56. The firm has a market cap of $247.78 million, a PE ratio of 41.16 and a beta of 0.92. The business’s fifty day moving average is $9.92 and its 200-day moving average is $9.70.

Pure Cycle (NASDAQ:PCYO) last issued its quarterly earnings results on Wednesday, July 10th. The utilities provider reported $0.12 earnings per share (EPS) for the quarter. Pure Cycle had a net margin of 31.00% and a return on equity of 5.07%. The company had revenue of $7.60 million during the quarter.

Institutional Trading of Pure Cycle

Hedge funds have recently made changes to their positions in the company. The Manufacturers Life Insurance Company lifted its stake in shares of Pure Cycle by 16.7% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 11,701 shares of the utilities provider’s stock valued at $112,000 after buying an additional 1,671 shares in the last quarter. Tower Research Capital LLC TRC increased its stake in Pure Cycle by 142.9% in the fourth quarter. Tower Research Capital LLC TRC now owns 2,990 shares of the utilities provider’s stock valued at $31,000 after acquiring an additional 1,759 shares during the last quarter. Los Angeles Capital Management LLC raised its holdings in shares of Pure Cycle by 7.0% during the 2nd quarter. Los Angeles Capital Management LLC now owns 28,830 shares of the utilities provider’s stock valued at $275,000 after buying an additional 1,890 shares in the last quarter. Epiq Partners LLC raised its stake in shares of Pure Cycle by 0.6% during the second quarter. Epiq Partners LLC now owns 371,965 shares of the utilities provider’s stock worth $3,552,000 after acquiring an additional 2,350 shares in the last quarter. Finally, Lazard Asset Management LLC purchased a new position in Pure Cycle in the 1st quarter worth $30,000. 51.39% of the stock is currently owned by institutional investors.

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.