Park City Group (PCYG) Hits New 12-Month High and Low at $6.75

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.

Park City Group (NASDAQ:PCYG) last released its quarterly earnings data on Thursday, May 10th. The technology company reported $0.02 earnings per share for the quarter, missing the consensus estimate of $0.06 by ($0.04). The firm had revenue of $5.28 million during the quarter, compared to the consensus estimate of $6.01 million. Park City Group had a net margin of 14.46% and a return on equity of 8.47%. equities analysts expect that Park City Group, Inc. will post 0.15 EPS for the current fiscal year.

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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