Park Aerospace (NYSE:PKE) Downgraded to “Hold” at StockNews.com

Park Aerospace (NYSE:PKEGet Rating) was downgraded by StockNews.com from a “buy” rating to a “hold” rating in a research report issued to clients and investors on Tuesday.

Separately, TheStreet raised Park Aerospace from a “c+” rating to a “b” rating in a research note on Friday, November 25th.

Park Aerospace Trading Down 1.0 %

Shares of Park Aerospace stock opened at $13.68 on Tuesday. The company’s 50-day moving average price is $12.91 and its two-hundred day moving average price is $12.10. The stock has a market cap of $280.04 million, a PE ratio of 35.08 and a beta of 0.63. Park Aerospace has a 52 week low of $10.08 and a 52 week high of $14.21.

Park Aerospace (NYSE:PKEGet Rating) last issued its quarterly earnings results on Thursday, January 5th. The semiconductor company reported $0.12 earnings per share for the quarter. The firm had revenue of $13.87 million for the quarter. Park Aerospace had a return on equity of 6.09% and a net margin of 15.05%.

Hedge Funds Weigh In On Park Aerospace

Several institutional investors and hedge funds have recently bought and sold shares of PKE. Invesco Ltd. grew its stake in Park Aerospace by 620.5% during the 1st quarter. Invesco Ltd. now owns 695,629 shares of the semiconductor company’s stock valued at $9,078,000 after acquiring an additional 599,080 shares in the last quarter. Brandes Investment Partners LP grew its stake in Park Aerospace by 12.2% during the 3rd quarter. Brandes Investment Partners LP now owns 1,247,615 shares of the semiconductor company’s stock valued at $13,774,000 after acquiring an additional 135,455 shares in the last quarter. Beck Mack & Oliver LLC grew its stake in Park Aerospace by 10.3% during the 3rd quarter. Beck Mack & Oliver LLC now owns 752,638 shares of the semiconductor company’s stock valued at $8,309,000 after acquiring an additional 70,225 shares in the last quarter. Vanguard Group Inc. grew its stake in Park Aerospace by 5.0% during the 3rd quarter. Vanguard Group Inc. now owns 1,379,224 shares of the semiconductor company’s stock valued at $15,226,000 after acquiring an additional 66,134 shares in the last quarter. Finally, Exchange Traded Concepts LLC purchased a new position in Park Aerospace during the 3rd quarter valued at about $561,000. Hedge funds and other institutional investors own 86.35% of the company’s stock.

Park Aerospace Company Profile

(Get Rating)

Park Aerospace Corp. engages in the provision of solution and hot-melt advanced composite materials. Its products are used to produce primary and secondary structures for jet engines, large and regional transport aircraft, military aircraft, unmanned aerial vehicles or drones, business jets, general aviation aircraft, and rotary wing aircraft.

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