Park Aerospace (NYSE:PKE) Stock Price Crosses Above 200 Day Moving Average – Time to Sell?

Shares of Park Aerospace Corp. (NYSE:PKE) crossed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of $15.60 and traded as high as $20.59. Park Aerospace shares last traded at $20.28, with a volume of 234,085 shares trading hands.

Park Aerospace Trading Up 4.3%

The stock has a market capitalization of $402.66 million, a P/E ratio of 59.63 and a beta of 0.45. The firm’s fifty day moving average is $18.64 and its 200-day moving average is $15.60.

Park Aerospace (NYSE:PKE) last announced its quarterly earnings results on Tuesday, July 15th. The semiconductor company reported $0.10 earnings per share (EPS) for the quarter. Park Aerospace had a net margin of 10.98% and a return on equity of 7.60%. The firm had revenue of $15.40 million during the quarter.

Park Aerospace Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, November 5th. Investors of record on Wednesday, October 1st will be issued a dividend of $0.125 per share. This represents a $0.50 annualized dividend and a yield of 2.5%. The ex-dividend date of this dividend is Wednesday, October 1st. Park Aerospace’s dividend payout ratio (DPR) is currently 147.06%.

Hedge Funds Weigh In On Park Aerospace

Several institutional investors have recently added to or reduced their stakes in the company. BNP Paribas Financial Markets raised its stake in shares of Park Aerospace by 50.0% in the second quarter. BNP Paribas Financial Markets now owns 2,178 shares of the semiconductor company’s stock worth $32,000 after acquiring an additional 726 shares during the last quarter. Jones Financial Companies Lllp bought a new position in shares of Park Aerospace in the first quarter worth about $52,000. First Horizon Advisors Inc. raised its stake in shares of Park Aerospace by 179.0% in the second quarter. First Horizon Advisors Inc. now owns 3,596 shares of the semiconductor company’s stock worth $53,000 after acquiring an additional 2,307 shares during the last quarter. Tower Research Capital LLC TRC raised its stake in shares of Park Aerospace by 241.1% in the second quarter. Tower Research Capital LLC TRC now owns 4,278 shares of the semiconductor company’s stock worth $63,000 after acquiring an additional 3,024 shares during the last quarter. Finally, Legal & General Group Plc raised its stake in shares of Park Aerospace by 161.0% in the second quarter. Legal & General Group Plc now owns 4,685 shares of the semiconductor company’s stock worth $69,000 after acquiring an additional 2,890 shares during the last quarter. 77.83% of the stock is owned by institutional investors.

About Park Aerospace

Park Aerospace Corp., an aerospace company, develops and manufactures solution and hot-melt advanced composite materials used to produce composite structures for the aerospace market in North America, Asia, and Europe. It offers advanced composite materials, including film adhesives and lightning strike protection materials that are used to produce primary and secondary structures for jet engines, large and regional transport aircrafts, military aircrafts, unmanned aerial vehicles, business jets, general aviation aircrafts, and rotary wing aircrafts.