Other equities research analysts have also issued reports about the stock. TheStreet raised shares of Pure Cycle from a c rating to a b- rating in a report on Friday, November 8th. ValuEngine lowered shares of Pure Cycle from a strong-buy rating to a buy rating in a report on Wednesday, October 2nd.
PCYO traded up $0.24 during trading on Friday, reaching $11.86. 40,200 shares of the company’s stock were exchanged, compared to its average volume of 23,258. Pure Cycle has a one year low of $9.20 and a one year high of $12.23. The stock has a market capitalization of $284.97 million, a PE ratio of 132.89 and a beta of 0.58. The firm has a fifty day moving average price of $11.11 and a two-hundred day moving average price of $10.56.
Several large investors have recently bought and sold shares of PCYO. Beddow Capital Management Inc. bought a new stake in shares of Pure Cycle in the 2nd quarter valued at $159,000. Renaissance Technologies LLC boosted its stake in shares of Pure Cycle by 72.5% in the 2nd quarter. Renaissance Technologies LLC now owns 67,628 shares of the utilities provider’s stock valued at $717,000 after purchasing an additional 28,428 shares during the last quarter. Northern Trust Corp boosted its stake in shares of Pure Cycle by 1.7% in the 2nd quarter. Northern Trust Corp now owns 187,101 shares of the utilities provider’s stock valued at $1,984,000 after purchasing an additional 3,179 shares during the last quarter. Wall Street Access Asset Management LLC bought a new stake in shares of Pure Cycle in the 2nd quarter valued at $167,000. Finally, Perritt Capital Management Inc. bought a new stake in shares of Pure Cycle in the 2nd quarter valued at $127,000. 66.99% 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 Activities. The company offers utility services, including water production, storage, treatment, wastewater collection and treatment, irrigation water treatment and transmission, construction management, billing and collection, and emergency response services, as well as bulk transmission services to retail distribution systems.
Featured Article: What is Depreciation?
Receive News & Ratings for Pure Cycle Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Pure Cycle and related companies with MarketBeat.com's FREE daily email newsletter.