Park Aerospace (NYSE:PKE) Stock Price Crosses Above Two Hundred Day Moving Average – Should You Sell?

Park Aerospace Corp. (NYSE:PKE)’s share price crossed above its 200-day moving average during trading on Thursday . The stock has a 200-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.

Analyst Ratings Changes

Separately, StockNews.com upgraded shares of Park Aerospace from a “hold” rating to a “buy” rating in a research note on Wednesday, January 22nd.

Park Aerospace Trading Down 2.9 %

The business’s 50 day moving average price is $14.65 and its two-hundred day moving average price is $13.98. The company has a market capitalization of $285.85 million, a price-to-earnings ratio of 39.86 and a beta of 0.43.

Park Aerospace (NYSE:PKE) last released its quarterly earnings data 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 Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Tuesday, February 4th. Investors of record on Friday, January 3rd were given a $0.125 dividend. This represents a $0.50 annualized dividend and a yield of 3.48%. The ex-dividend date was Friday, January 3rd. Park Aerospace’s payout ratio is currently 138.89%.

Institutional Trading of Park Aerospace

Several hedge funds have recently bought and sold shares of PKE. Copeland Capital Management LLC purchased a new position in Park Aerospace during the 3rd quarter worth $43,000. SG Americas Securities LLC purchased a new position in Park Aerospace during the 4th quarter worth $132,000. Van ECK Associates Corp boosted its holdings in Park Aerospace by 39.6% during the 3rd quarter. Van ECK Associates Corp now owns 11,088 shares of the semiconductor company’s stock worth $160,000 after acquiring an additional 3,146 shares during the last quarter. Townsquare Capital LLC boosted its holdings in Park Aerospace by 8.3% during the 3rd quarter. Townsquare Capital LLC now owns 16,243 shares of the semiconductor company’s stock worth $212,000 after acquiring an additional 1,248 shares during the last quarter. Finally, Private Advisor Group LLC raised its stake in shares of Park Aerospace by 15.4% during the 4th quarter. Private Advisor Group LLC now owns 17,528 shares of the semiconductor company’s stock worth $257,000 after purchasing an additional 2,335 shares during the period. Institutional investors and hedge funds own 77.83% of the company’s stock.

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.