Pure Cycle (NASDAQ:PCYO) Releases Earnings Results

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

Pure Cycle Stock Down 0.7 %

Shares of Pure Cycle stock opened at $11.98 on Friday. The stock has a market capitalization of $288.42 million, a price-to-earnings 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 company has a debt-to-equity ratio of 0.05, a quick ratio of 3.66 and a current ratio of 4.05. The company’s 50 day moving average price is $12.96 and its 200-day moving average price is $11.23.

Insider Activity

In other Pure Cycle news, Director Daniel R. Kozlowski sold 20,000 shares of the company’s stock in a transaction on Thursday, November 21st. The shares were sold at an average price of $13.10, for a total value of $262,000.00. Following the completion of the transaction, the director now directly owns 2,668,778 shares in the company, valued at approximately $34,960,991.80. This represents a 0.74 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders own 17.20% of the company’s stock.

Analyst Upgrades and Downgrades

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

Pure Cycle Company Profile

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.