Park City Group (NASDAQ:PCYG) Stock Passes Above 200 Day Moving Average of $14.18

Park City Group, Inc. (NASDAQ:PCYG)’s stock price crossed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of $14.18 and traded as high as $15.72. Park City Group shares last traded at $15.29, with a volume of 1,560,335 shares.

Analyst Upgrades and Downgrades

Separately, StockNews.com began coverage on Park City Group in a report on Saturday. They set a “hold” rating on the stock.

Park City Group Price Performance

The company has a market capitalization of $277.90 million, a P/E ratio of 56.63 and a beta of 1.10. The company has a fifty day moving average price of $16.09 and a two-hundred day moving average price of $14.18.

Institutional Trading of Park City Group

Several institutional investors have recently added to or reduced their stakes in the stock. Citigroup Inc. boosted its holdings 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 valued at $246,000 after acquiring an additional 28,024 shares during the last quarter. O Shaughnessy Asset Management LLC boosted its holdings 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 valued at $367,000 after acquiring an additional 22,469 shares during the last quarter. Finally, Connor Clark & Lunn Investment Management Ltd. bought a new stake in Park City Group in the third quarter valued at approximately $125,000. 26.36% of the stock is currently owned by institutional investors.

About Park City Group

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.