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

Pure Cycle Co. (NASDAQ:PCYO) crossed below its 200-day moving average during trading on Monday . The stock has a 200-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 changing hands.

Wall Street Analyst Weigh In

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

Pure Cycle Stock Performance

The company has a market capitalization of $230.53 million, a P/E ratio of 35.44 and a beta of 0.97. The business has a 50-day moving average of $9.66 and a 200-day moving average of $9.88. The company has a debt-to-equity ratio of 0.06, a current ratio of 4.10 and a quick ratio of 3.56.

Institutional Trading of Pure Cycle

A number of institutional investors have recently bought and sold shares of PCYO. Sapient Capital LLC bought a new stake in Pure Cycle in the fourth quarter worth $8,366,000. Magnolia Group LLC increased its stake in Pure Cycle by 28.2% in the fourth quarter. Magnolia Group LLC now owns 1,765,703 shares of the utilities provider’s stock worth $18,487,000 after purchasing an additional 388,339 shares during the period. Quadrature Capital Ltd purchased a new stake in Pure Cycle in the third quarter worth $237,000. Panagora Asset Management Inc. purchased a new stake in Pure Cycle in the third quarter worth $215,000. Finally, Loomis Sayles & Co. L P increased its stake in Pure Cycle by 2.4% in the third quarter. Loomis Sayles & Co. L P now owns 586,619 shares of the utilities provider’s stock worth $5,632,000 after purchasing an additional 13,822 shares during the period. 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.