Parks! America (OTCMKTS:PRKA) Stock Crosses Below 200-Day Moving Average – Here’s Why

Shares of Parks! America, Inc. (OTCMKTS:PRKA) crossed below its two hundred day moving average during trading on Friday . The stock has a two hundred day moving average of $39.07 and traded as low as $36.50. Parks! America shares last traded at $36.50, with a volume of 300 shares traded.

Parks! America Price Performance

The company has a fifty day simple moving average of $39.16 and a two-hundred day simple moving average of $39.07.

Parks! America announced that its board has initiated a share repurchase plan on Wednesday, December 17th that authorizes the company to repurchase $75,000.00 in outstanding shares. This repurchase authorization authorizes the company to reacquire shares of its stock through open market purchases. Shares repurchase plans are often an indication that the company’s board believes its shares are undervalued.

About Parks! America

Parks! America, Inc, through its subsidiaries, engages in acquiring, developing, and operating local and regional theme parks and attractions in the United States. The company owns and operates three Wild Animal Safari theme parks located in Pine Mountain, Georgia; Strafford, Missouri; and Bryan/College Station, Texas. The company was formerly known as Great American Family Parks, Inc and changed its name to Parks! America, Inc in June 2008. Parks! America, Inc is based in Pine Mountain, Georgia.