Pure Cycle (NASDAQ:PCYO) Issues Quarterly Earnings Results

Pure Cycle (NASDAQ:PCYO) issued its quarterly earnings results on Wednesday. The utilities provider reported $0.16 earnings per share (EPS) for the quarter, Zacks reports. Pure Cycle had a net margin of 40.40% and a return on equity of 9.41%.

Pure Cycle Price Performance

Shares of PCYO opened at $11.98 on Thursday. The firm has a market cap of $288.42 million, a PE ratio of 24.96 and a beta of 1.03. Pure Cycle has a 52-week low of $8.94 and a 52-week high of $14.63. The business’s 50 day moving average price is $12.93 and its two-hundred day moving average price is $11.22. The company has a debt-to-equity ratio of 0.05, a quick ratio of 3.66 and a current ratio of 4.05.

Insider Transactions at Pure Cycle

In other news, Director Daniel R. Kozlowski sold 20,000 shares of the firm’s stock in a transaction dated Thursday, November 21st. The stock was sold at an average price of $13.10, for a total value of $262,000.00. Following the completion of the sale, the director now directly owns 2,668,778 shares in the company, valued at $34,960,991.80. This trade represents a 0.74 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this link. Insiders own 17.20% of the company’s stock.

Analyst Upgrades and Downgrades

Separately, StockNews.com raised shares of Pure Cycle from a “sell” rating to a “buy” rating in a research report on Monday, November 18th.

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.