Park Aerospace (NYSE:PKE) Share Price Passes Above 200-Day Moving Average – Here’s Why

Park Aerospace Corp. (NYSE:PKE) shares passed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of $20.13 and traded as high as $25.37. Park Aerospace shares last traded at $24.8390, with a volume of 352,668 shares trading hands.

Wall Street Analyst Weigh In

Several research analysts have issued reports on PKE shares. Wall Street Zen upgraded Park Aerospace from a “hold” rating to a “buy” rating in a research report on Saturday, January 17th. Weiss Ratings cut shares of Park Aerospace from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Monday, January 26th. One equities research analyst has rated the stock with a Hold rating, According to MarketBeat, the company presently has a consensus rating of “Hold”.

Park Aerospace Trading Up 1.4%

The firm has a 50 day moving average price of $22.03 and a 200-day moving average price of $20.13. The firm has a market cap of $494.94 million, a price-to-earnings ratio of 57.77 and a beta of 0.31.

Park Aerospace (NYSE:PKE) last posted its earnings results on Tuesday, January 13th. The semiconductor company reported $0.15 earnings per share for the quarter. Park Aerospace had a net margin of 13.14% and a return on equity of 9.28%. The firm had revenue of $17.33 million during the quarter.

Park Aerospace Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Wednesday, February 4th. Stockholders of record on Friday, January 2nd will be issued a $0.125 dividend. This represents a $0.50 dividend on an annualized basis and a dividend yield of 2.0%. The ex-dividend date of this dividend is Friday, January 2nd. Park Aerospace’s payout ratio is 116.28%.

Institutional Trading of Park Aerospace

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Jones Financial Companies Lllp acquired a new position in Park Aerospace in the 1st quarter valued at about $52,000. Jane Street Group LLC raised its position in shares of Park Aerospace by 11.4% in the first 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. Callan Family Office LLC purchased a new position in shares of Park Aerospace during the second quarter valued at approximately $227,000. Ethic Inc. boosted its position in Park Aerospace by 46.2% during the second quarter. Ethic Inc. now owns 26,424 shares of the semiconductor company’s stock worth $388,000 after acquiring an additional 8,354 shares during the last quarter. Finally, First Horizon Advisors Inc. grew 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 worth $53,000 after acquiring an additional 2,307 shares during the period. Hedge funds and other institutional investors own 77.83% of the company’s stock.

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.