Park Aerospace (NYSE:PKE) Shares Cross Above Two Hundred Day Moving Average - Here's What Happened

Park Aerospace Corp. (NYSE:PKE - Get Free Report)'s stock price passed above its two hundred day moving average during trading on Thursday . The stock has a two hundred day moving average of $13.98 and traded as high as $15.00. Park Aerospace shares last traded at $14.78, with a volume of 37,840 shares traded.

Analysts Set New Price Targets

Separately, StockNews.com upgraded Park Aerospace from a "hold" rating to a "buy" rating in a research report on Wednesday, January 22nd.

Park Aerospace Price Performance

The company has a market capitalization of $285.85 million, a price-to-earnings ratio of 39.86 and a beta of 0.43. The firm's fifty day simple moving average is $14.61 and its 200 day simple moving average is $14.01.

Park Aerospace (NYSE:PKE - Get Free Report) last released its earnings results on Tuesday, January 14th. The semiconductor company reported $0.08 earnings per share (EPS) for the quarter. Park Aerospace had a return on equity of 7.02% and a net margin of 11.90%.

Park Aerospace Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Tuesday, February 4th. Shareholders of record on Friday, January 3rd were paid a dividend of $0.125 per share. The ex-dividend date of this dividend was Friday, January 3rd. This represents a $0.50 annualized dividend and a yield of 3.48%. Park Aerospace's dividend payout ratio (DPR) is presently 138.89%.

Institutional Trading of Park Aerospace

A number of hedge funds have recently made changes to their positions in PKE. Sanctuary Advisors LLC purchased a new stake in shares of Park Aerospace during the second quarter worth $617,000. Copeland Capital Management LLC purchased a new stake in shares of Park Aerospace during the 3rd quarter worth about $43,000. Van ECK Associates Corp lifted its holdings in shares of Park Aerospace by 39.6% during the 3rd quarter. Van ECK Associates Corp now owns 11,088 shares of the semiconductor company's stock valued at $160,000 after buying an additional 3,146 shares during the last quarter. GSA Capital Partners LLP grew its stake in shares of Park Aerospace by 12.2% in the 3rd quarter. GSA Capital Partners LLP now owns 61,620 shares of the semiconductor company's stock valued at $803,000 after buying an additional 6,677 shares in the last quarter. Finally, Victory Capital Management Inc. increased its holdings in Park Aerospace by 5.4% in the third quarter. Victory Capital Management Inc. now owns 173,074 shares of the semiconductor company's stock worth $2,255,000 after buying an additional 8,823 shares during the last quarter. 77.83% of the stock is owned by hedge funds and other institutional investors.

About Park Aerospace

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.