Park Aerospace Corp. (NYSE:PKE - Get Free Report) shares passed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of $14.16 and traded as high as $14.20. Park Aerospace shares last traded at $13.95, with a volume of 41,120 shares.
Wall Street Analysts Forecast Growth
Separately, StockNews.com upgraded Park Aerospace from a "hold" rating to a "buy" rating in a report on Wednesday, January 22nd.
Read Our Latest Stock Report on PKE
Park Aerospace Price Performance
The stock has a market cap of $268.13 million, a PE ratio of 37.38 and a beta of 0.40. The business has a 50 day moving average price of $14.04 and a two-hundred day moving average price of $14.17.
Park Aerospace (NYSE:PKE - Get Free Report) last announced its quarterly earnings results on Tuesday, January 14th. The semiconductor company reported $0.08 earnings per share for the quarter. Park Aerospace had a net margin of 11.90% and a return on equity of 7.02%.
Park Aerospace Announces Dividend
The firm also recently announced a quarterly dividend, which will be paid on Friday, May 2nd. Investors of record on Wednesday, April 2nd will be paid a $0.125 dividend. The ex-dividend date is Wednesday, April 2nd. This represents a $0.50 annualized dividend and a dividend yield of 3.72%. Park Aerospace's payout ratio is presently 138.89%.
Institutional Inflows and Outflows
A number of hedge funds and other institutional investors have recently bought and sold shares of the business. BNP Paribas Financial Markets purchased a new position in shares of Park Aerospace during the fourth quarter valued at approximately $47,000. Tower Research Capital LLC TRC boosted its holdings in Park Aerospace by 515.9% in the fourth quarter. Tower Research Capital LLC TRC now owns 5,112 shares of the semiconductor company's stock valued at $75,000 after acquiring an additional 4,282 shares in the last quarter. Parvin Asset Management LLC bought a new position in Park Aerospace in the 4th quarter worth $78,000. SG Americas Securities LLC purchased a new stake in shares of Park Aerospace in the 4th quarter worth about $132,000. Finally, Petros Family Wealth LLC bought a new stake in shares of Park Aerospace during the 4th quarter valued at about $150,000. Institutional investors own 77.83% of the company's stock.
Park Aerospace Company Profile
(
Get Free Report)
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.
See Also
Before you consider Park Aerospace, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Park Aerospace wasn't on the list.
While Park Aerospace currently has a Hold rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Market downturns give many investors pause, and for good reason. Wondering how to offset this risk? Enter your email address to learn more about using beta to protect your portfolio.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
