Pure Cycle (NASDAQ:PCYO) Stock Price Passes Below 200-Day Moving Average of $9.89

Pure Cycle Co. (NASDAQ:PCYO) passed below its two hundred day moving average during trading on Monday . The stock has a two hundred day moving average of $9.89 and traded as low as $9.56. Pure Cycle shares last traded at $9.64, with a volume of 40,958 shares.

Wall Street Analyst Weigh In

Separately, StockNews.com downgraded shares of Pure Cycle from a “hold” rating to a “sell” rating in a research note on Friday, April 12th.

Pure Cycle Trading Up 0.7 %

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’s 50 day moving average is $9.66 and its 200 day moving average is $9.88. The company has a market capitalization of $230.53 million, a PE ratio of 35.44 and a beta of 0.97.

Institutional Inflows and Outflows

A number of hedge funds have recently added to or reduced their stakes in the stock. Magnolia Group LLC increased its position in Pure Cycle by 28.2% during the 4th quarter. Magnolia Group LLC now owns 1,765,703 shares of the utilities provider’s stock valued at $18,487,000 after purchasing an additional 388,339 shares during the period. Sapient Capital LLC purchased a new position in Pure Cycle during the 4th quarter valued at $8,366,000. Loomis Sayles & Co. L P increased its position in Pure Cycle by 2.4% during the 3rd quarter. Loomis Sayles & Co. L P now owns 586,619 shares of the utilities provider’s stock valued at $5,632,000 after purchasing an additional 13,822 shares during the period. Epiq Partners LLC increased its position in Pure Cycle by 1.2% during the 3rd quarter. Epiq Partners LLC now owns 402,755 shares of the utilities provider’s stock valued at $3,866,000 after purchasing an additional 4,950 shares during the period. Finally, Bank of New York Mellon Corp increased its position in Pure Cycle by 1.7% during the 3rd quarter. Bank of New York Mellon Corp now owns 87,658 shares of the utilities provider’s stock valued at $842,000 after purchasing an additional 1,476 shares during the period. 51.39% of the stock is owned by hedge funds and other 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.