Park Aerospace (NYSE:PKE) Stock Price Crosses Above 200 Day Moving Average - Here's What Happened

Park Aerospace Corp. (NYSE:PKE - Get Free Report)'s stock price crossed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of $13.73 and traded as high as $15.34. Park Aerospace shares last traded at $15.24, with a volume of 54,584 shares.

Analyst Upgrades and Downgrades

Separately, StockNews.com cut Park Aerospace from a "buy" rating to a "hold" rating in a report on Tuesday, November 5th.

Park Aerospace Stock Down 1.0 %

The firm has a market cap of $301.23 million, a price-to-earnings ratio of 44.38 and a beta of 0.42. The stock has a 50 day moving average of $14.54 and a 200 day moving average of $13.73.

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

Park Aerospace Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, February 4th. Stockholders of record on Friday, January 3rd will be issued a dividend of $0.125 per share. The ex-dividend date is Friday, January 3rd. This represents a $0.50 dividend on an annualized basis and a dividend yield of 3.31%. Park Aerospace's dividend payout ratio (DPR) is currently 147.06%.

Institutional Trading of Park Aerospace

Large investors have recently bought and sold shares of the business. Nisa Investment Advisors LLC lifted its holdings in shares of Park Aerospace by 166.8% in the second quarter. Nisa Investment Advisors LLC now owns 2,380 shares of the semiconductor company's stock worth $33,000 after acquiring an additional 1,488 shares during the last quarter. Copeland Capital Management LLC acquired a new position in shares of Park Aerospace during the third quarter worth $43,000. Van ECK Associates Corp increased its holdings in shares of Park Aerospace by 39.6% during the third quarter. Van ECK Associates Corp now owns 11,088 shares of the semiconductor company's stock worth $160,000 after buying an additional 3,146 shares in the last quarter. Townsquare Capital LLC lifted its stake in shares of Park Aerospace by 8.3% in the 3rd quarter. Townsquare Capital LLC now owns 16,243 shares of the semiconductor company's stock valued at $212,000 after acquiring an additional 1,248 shares during the last quarter. Finally, Oppenheimer Asset Management Inc. boosted its holdings in shares of Park Aerospace by 23.6% during the 3rd quarter. Oppenheimer Asset Management Inc. now owns 18,375 shares of the semiconductor company's stock valued at $239,000 after acquiring an additional 3,507 shares in the last quarter. 77.83% of the stock is owned by institutional investors and hedge funds.

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.