Park Aerospace (NYSE:PKE) Downgraded by StockNews.com to "Hold"

Park Aerospace (NYSE:PKE - Get Free Report) was downgraded by research analysts at StockNews.com from a "buy" rating to a "hold" rating in a research note issued to investors on Tuesday.

Park Aerospace Stock Performance

Shares of PKE stock traded up $0.31 during trading hours on Tuesday, hitting $13.76. The company had a trading volume of 99,187 shares, compared to its average volume of 66,532. Park Aerospace has a 12 month low of $11.96 and a 12 month high of $16.96. The firm's fifty day moving average is $13.54 and its 200 day moving average is $13.63. The firm has a market capitalization of $274.65 million, a price-to-earnings ratio of 40.41 and a beta of 0.38.

Park Aerospace (NYSE:PKE - Get Free Report) last announced its earnings results on Tuesday, October 15th. The semiconductor company reported $0.10 EPS for the quarter. The company had revenue of $16.71 million for the quarter. Park Aerospace had a return on equity of 6.61% and a net margin of 11.82%.

Hedge Funds Weigh In On Park Aerospace

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Oppenheimer Asset Management Inc. acquired a new stake in Park Aerospace in the first quarter valued at $235,000. Heartland Advisors Inc. lifted its stake in Park Aerospace by 0.8% in the 1st quarter. Heartland Advisors Inc. now owns 897,667 shares of the semiconductor company's stock valued at $14,928,000 after purchasing an additional 6,818 shares during the last quarter. Cove Street Capital LLC bought a new position in Park Aerospace during the first quarter worth about $5,941,000. Russell Investments Group Ltd. lifted its position in Park Aerospace by 1,704.2% during the first quarter. Russell Investments Group Ltd. now owns 19,738 shares of the semiconductor company's stock worth $328,000 after acquiring an additional 18,644 shares during the last quarter. Finally, State Board of Administration of Florida Retirement System bought a new stake in shares of Park Aerospace in the first quarter valued at about $245,000. 77.83% of the stock is owned by institutional investors and hedge funds.

Park Aerospace Company Profile

Park Aerospace Corp., an aerospace company, develops and manufactures solution and hot-melt advanced composite materials used to produce composite structures for the aerospace market in North America, Asia, and Europe. It offers advanced composite materials, including film adhesives and lightning strike protection materials that are used to produce primary and secondary structures for jet engines, large and regional transport aircrafts, military aircrafts, unmanned aerial vehicles, business jets, general aviation aircrafts, and rotary wing aircrafts.