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

Shares of Park Aerospace Corp. (NYSE:PKE) passed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of $20.56 and traded as high as $24.02. Park Aerospace shares last traded at $23.84, with a volume of 126,509 shares trading hands.

Wall Street Analysts Forecast Growth

PKE has been the subject of a number of research analyst reports. Weiss Ratings raised Park Aerospace from a “hold (c+)” rating to a “buy (b-)” rating in a report on Monday, February 9th. Wall Street Zen upgraded Park Aerospace from a “hold” rating to a “buy” rating in a report on Saturday, January 17th. One analyst has rated the stock with a Buy rating, Based on data from MarketBeat.com, the company currently has an average rating of “Buy”.

Park Aerospace Stock Up 0.7%

The company has a market cap of $475.13 million, a P/E ratio of 55.44 and a beta of 0.31. The company has a fifty day moving average of $23.04 and a 200 day moving average of $20.56.

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

Park Aerospace Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, February 4th. Shareholders of record on Friday, January 2nd were issued a dividend of $0.125 per share. This represents a $0.50 dividend on an annualized basis and a yield of 2.1%. The ex-dividend date of this dividend was Friday, January 2nd. Park Aerospace’s dividend payout ratio is currently 116.28%.

Institutional Investors Weigh In On Park Aerospace

Hedge funds have recently modified their holdings of the business. Jones Financial Companies Lllp purchased a new position in Park Aerospace during the first quarter valued at $52,000. Jane Street Group LLC lifted its position in shares of Park Aerospace by 11.4% during 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 in the last quarter. Ethic Inc. lifted its position in shares of Park Aerospace by 46.2% during the 2nd quarter. Ethic Inc. now owns 26,424 shares of the semiconductor company’s stock valued at $388,000 after buying an additional 8,354 shares in the last quarter. First Horizon Advisors Inc. grew its stake in shares of Park Aerospace by 179.0% during the 2nd quarter. First Horizon Advisors Inc. now owns 3,596 shares of the semiconductor company’s stock valued at $53,000 after acquiring an additional 2,307 shares during the period. Finally, Los Angeles Capital Management LLC bought a new position in shares of Park Aerospace during the 2nd quarter valued at approximately $426,000. 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.