Pure Cycle (NASDAQ:PCYO) Shares Cross Above Two Hundred Day Moving Average – Should You Sell?

Pure Cycle Corporation (NASDAQ:PCYO) passed above its two hundred day moving average during trading on Tuesday . The stock has a two hundred day moving average of $10.56 and traded as high as $11.13. Pure Cycle shares last traded at $11.12, with a volume of 44,559 shares changing hands.

Wall Street Analysts Forecast Growth

PCYO has been the subject of a number of analyst reports. Wall Street Zen raised shares of Pure Cycle from a “sell” rating to a “hold” rating in a report on Saturday, September 13th. Weiss Ratings upgraded Pure Cycle from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Friday. One research analyst has rated the stock with a Buy rating, According to data from MarketBeat.com, the company has a consensus rating of “Buy”.

Pure Cycle Price Performance

The company’s fifty day moving average price is $11.03 and its two-hundred day moving average price is $10.56. The company has a quick ratio of 2.40, a current ratio of 3.52 and a debt-to-equity ratio of 0.05. The company has a market cap of $267.70 million, a price-to-earnings ratio of 20.22 and a beta of 1.34.

Hedge Funds Weigh In On Pure Cycle

A number of large investors have recently added to or reduced their stakes in PCYO. Lazard Asset Management LLC raised its stake in shares of Pure Cycle by 11,145.1% in the 2nd quarter. Lazard Asset Management LLC now owns 5,735 shares of the utilities provider’s stock valued at $61,000 after purchasing an additional 5,684 shares during the period. Kelleher Financial Advisors bought a new position in shares of Pure Cycle during the second quarter worth about $107,000. NorthRock Partners LLC acquired a new stake in Pure Cycle in the 2nd quarter valued at approximately $108,000. JPMorgan Chase & Co. raised its position in Pure Cycle by 16.1% in the 3rd quarter. JPMorgan Chase & Co. now owns 10,984 shares of the utilities provider’s stock valued at $122,000 after buying an additional 1,521 shares during the last quarter. Finally, PNC Financial Services Group Inc. lifted its stake in Pure Cycle by 97.2% in the 3rd quarter. PNC Financial Services Group Inc. now owns 12,167 shares of the utilities provider’s stock valued at $135,000 after acquiring an additional 5,998 shares in the last quarter. Institutional investors own 51.39% of the company’s stock.

Pure Cycle Company Profile

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.