Park City Group (NASDAQ:PCYG) Shares Cross Above 200-Day Moving Average of $12.09

Park City Group, Inc. (NASDAQ:PCYG) crossed above its two hundred day moving average during trading on Thursday . The stock has a two hundred day moving average of $12.09 and traded as high as $15.73. Park City Group shares last traded at $15.65, with a volume of 34,910 shares trading hands.

Analyst Ratings Changes

Separately, StockNews.com began coverage on shares of Park City Group in a research report on Friday. They set a “hold” rating for the company.

Park City Group Stock Up 3.7 %

The stock’s fifty day moving average price is $15.23 and its two-hundred day moving average price is $12.17. The company has a market capitalization of $294.98 million, a PE ratio of 60.11 and a beta of 1.10.

Institutional Trading of Park City Group

A number of institutional investors have recently modified their holdings of PCYG. Connor Clark & Lunn Investment Management Ltd. purchased a new stake in shares of Park City Group during the third quarter worth about $125,000. Bailard Inc. boosted its holdings in shares of Park City Group by 53.8% during the third quarter. Bailard Inc. now owns 16,299 shares of the technology company’s stock worth $143,000 after purchasing an additional 5,699 shares during the period. Citigroup Inc. raised its stake in Park City Group by 350,300.0% in the third quarter. Citigroup Inc. now owns 28,032 shares of the technology company’s stock worth $246,000 after buying an additional 28,024 shares in the last quarter. O Shaughnessy Asset Management LLC raised its stake in Park City Group by 115.4% in the third quarter. O Shaughnessy Asset Management LLC now owns 41,932 shares of the technology company’s stock worth $367,000 after buying an additional 22,469 shares in the last quarter. Finally, Ingalls & Snyder LLC raised its stake in Park City Group by 1.1% in the third quarter. Ingalls & Snyder LLC now owns 169,162 shares of the technology company’s stock worth $1,482,000 after buying an additional 1,805 shares in the last quarter. 26.36% of the stock is currently owned by hedge funds and other institutional investors.

Park City Group Company Profile

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.