StockNews.com Begins Coverage on Park City Group (NASDAQ:PCYG)

Posted by Stephan Jacobs on Jul 26th, 2024

StockNews.com assumed coverage on shares of Park City Group (NASDAQ:PCYG – Free Report) in a research report report published on Tuesday morning. The firm issued a hold rating on the technology company’s stock.

Park City Group Price Performance

NASDAQ PCYG opened at $18.62 on Tuesday. Park City Group has a fifty-two week low of $4.80 and a fifty-two week high of $10.50. The stock’s 50-day moving average is $16.45 and its two-hundred day moving average is $15.03. The firm has a market cap of $338.42 million, a P/E ratio of 68.96 and a beta of 1.10.

Hedge Funds Weigh In On Park City Group

An institutional investor recently raised its position in Park City Group stock. Citigroup Inc. lifted its holdings in Park City Group, Inc. (NASDAQ:PCYG – Free Report) by 350,300.0% during the third quarter, according to its most recent Form 13F filing with the SEC. The firm owned 28,032 shares of the technology company’s stock after purchasing an additional 28,024 shares during the period. Citigroup Inc. owned 0.15% of Park City Group worth $246,000 as of its most recent filing with the SEC. 26.36% of the stock is currently owned by institutional investors.

Park City Group Company Profile

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Park City Group, Inc, a software-as-a-service provider, designs, develops, and markets proprietary software products in North America. The company offers ReposiTrak MarketPlace, a supplier discovery and B2B e-commerce solution; ReposiTrak Compliance and Food Safety solutions, which reduces potential regulatory and legal risk from their supply chain partners; and ReposiTrak Supply Chain solutions that enables customers to manage relationships with suppliers.