Pure Cycle (NASDAQ:PCYO) Share Price Passes Above 200 Day Moving Average - Should You Sell?

Shares of Pure Cycle Co. (NASDAQ:PCYO - Get Free Report) passed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of $11.55 and traded as high as $11.99. Pure Cycle shares last traded at $11.58, with a volume of 17,397 shares trading hands.

Wall Street Analysts Forecast Growth

Separately, StockNews.com lowered Pure Cycle from a "buy" rating to a "hold" rating in a research report on Friday, January 10th.

Pure Cycle Stock Performance

The firm has a market capitalization of $277.25 million, a price-to-earnings ratio of 20.88 and a beta of 1.02. The company has a quick ratio of 3.09, a current ratio of 3.56 and a debt-to-equity ratio of 0.05. The stock's fifty day moving average is $11.94 and its two-hundred day moving average is $11.60.

Pure Cycle (NASDAQ:PCYO - Get Free Report) last released its quarterly earnings data on Wednesday, January 8th. The utilities provider reported $0.16 earnings per share for the quarter. Pure Cycle had a net margin of 46.32% and a return on equity of 10.54%.

Institutional Trading of Pure Cycle

Several institutional investors and hedge funds have recently bought and sold shares of PCYO. Price T Rowe Associates Inc. MD increased its holdings in shares of Pure Cycle by 3.2% during the 4th quarter. Price T Rowe Associates Inc. MD now owns 33,508 shares of the utilities provider's stock worth $425,000 after acquiring an additional 1,054 shares during the last quarter. Wells Fargo & Company MN boosted its position in Pure Cycle by 23.8% during the fourth quarter. Wells Fargo & Company MN now owns 12,191 shares of the utilities provider's stock worth $155,000 after purchasing an additional 2,343 shares during the period. Charles Schwab Investment Management Inc. increased its holdings in shares of Pure Cycle by 5.5% in the third quarter. Charles Schwab Investment Management Inc. now owns 58,612 shares of the utilities provider's stock valued at $631,000 after purchasing an additional 3,050 shares during the last quarter. Barclays PLC grew its stake in Pure Cycle by 14.1% in the 4th quarter. Barclays PLC now owns 31,247 shares of the utilities provider's stock valued at $396,000 after buying an additional 3,862 shares during the last quarter. Finally, BNP Paribas Financial Markets increased its stake in shares of Pure Cycle by 87.0% during the fourth quarter. BNP Paribas Financial Markets now owns 8,832 shares of the utilities provider's stock worth $112,000 after purchasing an additional 4,110 shares during the period. Institutional investors own 51.39% 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.