Park City Group (NASDAQ:PCYG) Shares Cross Above 200 Day Moving Average of $12.41

Shares of Park City Group, Inc. (NASDAQ:PCYG) crossed above its two hundred day moving average during trading on Friday . The stock has a two hundred day moving average of $12.41 and traded as high as $16.10. Park City Group shares last traded at $15.93, with a volume of 23,478 shares.

Analyst Upgrades and Downgrades

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

Park City Group Stock Up 1.8 %

The firm has a fifty day simple moving average of $15.53 and a 200-day simple moving average of $12.41. The company has a market cap of $289.53 million, a PE ratio of 59.00 and a beta of 1.10.

Hedge Funds Weigh In On Park City Group

Several hedge funds have recently made changes to their positions in the company. Citigroup Inc. grew its holdings in shares of Park City Group by 350,300.0% during 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 during the last quarter. O Shaughnessy Asset Management LLC grew its holdings in shares of Park City Group by 115.4% during 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 during the last quarter. Connor Clark & Lunn Investment Management Ltd. purchased a new position in shares of Park City Group during the third quarter worth about $125,000. Bailard Inc. grew 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 buying an additional 5,699 shares during the last quarter. Finally, Ingalls & Snyder LLC grew its holdings in shares of Park City Group by 1.1% during 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 during the last quarter. Hedge funds and other institutional investors own 26.36% of the company’s stock.

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.