Pure Cycle (NASDAQ:PCYO) Issues Earnings Results

Pure Cycle (NASDAQ:PCYO - Get Free Report) issued its quarterly earnings data on Wednesday. The utilities provider reported $0.16 earnings per share for the quarter, Zacks reports. Pure Cycle had a net margin of 40.40% and a return on equity of 9.41%.

Pure Cycle Trading Down 0.7 %

NASDAQ PCYO traded down $0.09 during mid-day trading on Wednesday, reaching $11.98. 47,141 shares of the stock were exchanged, compared to its average volume of 47,348. The stock has a market cap of $288.42 million, a P/E ratio of 24.96 and a beta of 1.03. The company has a debt-to-equity ratio of 0.05, a current ratio of 4.05 and a quick ratio of 3.66. Pure Cycle has a one year low of $8.94 and a one year high of $14.63. The stock has a 50 day simple moving average of $12.93 and a 200-day simple moving average of $11.22.

Wall Street Analyst Weigh In

Separately, StockNews.com raised Pure Cycle from a "sell" rating to a "buy" rating in a research note on Monday, November 18th.

Insiders Place Their Bets

In other Pure Cycle news, Director Daniel R. Kozlowski sold 20,000 shares of the stock in a transaction that occurred on Thursday, November 21st. The stock was sold at an average price of $13.10, for a total transaction of $262,000.00. Following the transaction, the director now directly owns 2,668,778 shares in the company, valued at approximately $34,960,991.80. This represents a 0.74 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Company insiders own 17.20% of the company's stock.

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.