Park Aerospace (NYSE:PKE) Share Price Passes Above Two Hundred Day Moving Average – What’s Next?

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 $18.56 and traded as high as $21.57. Park Aerospace shares last traded at $21.3150, with a volume of 79,592 shares trading hands.

Analyst Ratings Changes

Separately, Weiss Ratings reissued a “buy (b-)” rating on shares of Park Aerospace in a research report on Monday, December 22nd. One investment analyst has rated the stock with a Buy rating, According to data from MarketBeat.com, the company has a consensus rating of “Buy”.

Park Aerospace Trading Down 0.3%

The stock’s 50 day moving average price is $19.79 and its 200 day moving average price is $18.56. The firm has a market cap of $424.38 million, a PE ratio of 59.21 and a beta of 0.33.

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

Park Aerospace Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, February 4th. Stockholders of record on Friday, January 2nd will be given a $0.125 dividend. The ex-dividend date of this dividend 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 presently 138.89%.

Hedge Funds Weigh In On Park Aerospace

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Penn Capital Management Company LLC boosted its holdings in Park Aerospace by 62.1% in the 3rd quarter. Penn Capital Management Company LLC now owns 192,667 shares of the semiconductor company’s stock worth $3,919,000 after acquiring an additional 73,833 shares during the period. Coldstream Capital Management Inc. acquired a new position in shares of Park Aerospace during the third quarter worth $542,000. Susquehanna International Group LLP lifted its position in shares of Park Aerospace by 19.2% during the third quarter. Susquehanna International Group LLP now owns 28,644 shares of the semiconductor company’s stock worth $583,000 after purchasing an additional 4,612 shares in the last quarter. Millennium Management LLC purchased a new position in shares of Park Aerospace in the third quarter valued at $1,371,000. Finally, Citadel Advisors LLC acquired a new stake in Park Aerospace during the 3rd quarter valued at $362,000. 77.83% of the stock is owned by institutional investors and hedge funds.

Park Aerospace Company Profile

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.