Park Aerospace (NYSE:PKE) Stock Price Passes Above 200-Day Moving Average – Should You Sell?

Shares of Park Aerospace Corp. (NYSE:PKE) crossed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of $18.19 and traded as high as $21.50. Park Aerospace shares last traded at $21.4460, with a volume of 174,241 shares.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings reaffirmed a “buy (b-)” rating on shares of Park Aerospace in a research report on Monday. One equities research analyst has rated the stock with a Buy rating, According to data from MarketBeat.com, the company has an average rating of “Buy”.

Park Aerospace Stock Up 4.6%

The firm has a market capitalization of $426.99 million, a price-to-earnings ratio of 59.57 and a beta of 0.33. The company has a fifty day moving average price of $19.66 and a two-hundred day moving average price of $18.19.

Park Aerospace (NYSE:PKE) last released its quarterly earnings results on Thursday, October 9th. The semiconductor company reported $0.12 EPS for the quarter. The firm had revenue of $16.38 million during the quarter. Park Aerospace had a net margin of 11.57% and a return on equity of 7.97%. During the same quarter last year, the company earned $0.10 EPS.

Park Aerospace Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, February 4th. Stockholders of record on Friday, January 2nd will be paid a dividend of $0.125 per share. The ex-dividend date is Friday, January 2nd. This represents a $0.50 annualized dividend and a dividend yield of 2.3%. Park Aerospace’s dividend payout ratio is 138.89%.

Institutional Trading of Park Aerospace

Several institutional investors and hedge funds have recently added to or reduced their stakes in the stock. BNP Paribas Financial Markets grew its stake in shares of Park Aerospace by 50.0% in the 2nd quarter. BNP Paribas Financial Markets now owns 2,178 shares of the semiconductor company’s stock valued at $32,000 after purchasing an additional 726 shares during the last quarter. Rhumbline Advisers lifted its holdings in shares of Park Aerospace by 4.9% during the second quarter. Rhumbline Advisers now owns 30,657 shares of the semiconductor company’s stock worth $453,000 after purchasing an additional 1,421 shares during the period. Jane Street Group LLC grew its position in Park Aerospace by 11.4% in the 1st quarter. Jane Street Group LLC now owns 14,205 shares of the semiconductor company’s stock valued at $191,000 after buying an additional 1,456 shares during the last quarter. Uniplan Investment Counsel Inc. increased its stake in Park Aerospace by 0.6% in the 1st quarter. Uniplan Investment Counsel Inc. now owns 246,215 shares of the semiconductor company’s stock valued at $3,312,000 after buying an additional 1,579 shares during the period. Finally, First Horizon Advisors Inc. increased its stake in Park Aerospace by 179.0% in the 2nd quarter. First Horizon Advisors Inc. now owns 3,596 shares of the semiconductor company’s stock valued at $53,000 after buying an additional 2,307 shares during the period. 77.83% of the stock is owned by hedge funds and other institutional investors.

About Park Aerospace

Park Aerospace (NYSE: PKE) is a specialized materials and manufacturing company that designs, develops and produces high-performance composite structures, engineered laminates and specialty adhesives for aerospace, defense and industrial markets. Its product portfolio includes advanced honeycomb cores, composite assemblies, dielectric and high-reliability circuit materials, as well as structural and bonding solutions that meet demanding performance and weight requirements.

The company operates through two principal segments.