Shares of Park City Group, Inc. (NASDAQ:PCYG) reached a new 52-week high and low on Thursday . The stock traded as low as $6.75 and last traded at $6.85, with a volume of 1310 shares traded. The stock had previously closed at $6.75.
Separately, Zacks Investment Research downgraded Park City Group from a “hold” rating to a “sell” rating in a research report on Wednesday, February 14th.
The company has a quick ratio of 2.75, a current ratio of 2.75 and a debt-to-equity ratio of 0.04. The stock has a market capitalization of $144.29 million, a price-to-earnings ratio of 43.13, a price-to-earnings-growth ratio of 2.32 and a beta of 0.89.
In other news, insider Randall K. Fields acquired 4,000 shares of the firm’s stock in a transaction that occurred on Friday, May 25th. The stock was purchased at an average cost of $7.99 per share, for a total transaction of $31,960.00. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Insiders purchased 8,500 shares of company stock valued at $65,290 over the last 90 days. 37.40% of the stock is currently owned by corporate insiders.
Several hedge funds have recently added to or reduced their stakes in PCYG. Virtu Financial LLC bought a new stake in shares of Park City Group in the fourth quarter valued at about $133,000. Wedbush Securities Inc. raised its holdings in shares of Park City Group by 58.0% in the fourth quarter. Wedbush Securities Inc. now owns 114,756 shares of the technology company’s stock valued at $1,096,000 after acquiring an additional 42,118 shares in the last quarter. Citadel Advisors LLC bought a new stake in shares of Park City Group in the fourth quarter valued at about $158,000. Connors Investor Services Inc. raised its holdings in shares of Park City Group by 38.4% in the fourth quarter. Connors Investor Services Inc. now owns 25,215 shares of the technology company’s stock valued at $241,000 after acquiring an additional 7,000 shares in the last quarter. Finally, Goldman Sachs Group Inc. bought a new stake in shares of Park City Group in the fourth quarter valued at about $149,000. Hedge funds and other institutional investors own 32.95% of the company’s stock.
About Park City Group
Park City Group, Inc, a software-as-a-service provider, designs, develops, markets, and supports proprietary software products. The company offers its products for businesses having multiple locations to assist in the management of business operations on a daily basis and communicate results of operations in a timely manner.
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