Park Aerospace (NYSE:PKE) Stock Price Passes Above 200-Day Moving Average – Should You Sell?

Park Aerospace Corp. (NYSE:PKE)’s share price crossed above its two hundred day moving average during trading on Thursday . The stock has a two hundred 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 Analyst Weigh In

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

Park Aerospace Trading Down 3.0 %

The stock has a market cap of $269.05 million, a PE ratio of 37.51 and a beta of 0.40. The company’s 50 day moving average is $14.07 and its 200-day moving average is $14.16.

Park Aerospace (NYSE:PKE) last announced 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 Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, May 2nd. Stockholders of record on Wednesday, April 2nd will be paid a dividend of $0.125 per share. This represents a $0.50 annualized dividend and a dividend yield of 3.70%. The ex-dividend date of this dividend is Wednesday, April 2nd. Park Aerospace’s dividend payout ratio (DPR) is currently 138.89%.

Institutional Trading of Park Aerospace

Hedge funds and other institutional investors have recently made changes to their positions in the stock. Royce & Associates LP grew its holdings in Park Aerospace by 55.8% during the 4th quarter. Royce & Associates LP now owns 579,151 shares of the semiconductor company’s stock worth $8,485,000 after acquiring an additional 207,478 shares in the last quarter. Brandes Investment Partners LP grew its stake in Park Aerospace by 4.4% in the fourth quarter. Brandes Investment Partners LP now owns 2,524,503 shares of the semiconductor company’s stock worth $36,984,000 after purchasing an additional 107,447 shares in the last quarter. Penn Capital Management Company LLC increased its holdings in Park Aerospace by 71.0% in the fourth quarter. Penn Capital Management Company LLC now owns 164,638 shares of the semiconductor company’s stock valued at $2,412,000 after buying an additional 68,337 shares during the last quarter. JPMorgan Chase & Co. raised its stake in Park Aerospace by 112.3% during the fourth quarter. JPMorgan Chase & Co. now owns 82,203 shares of the semiconductor company’s stock valued at $1,204,000 after buying an additional 43,490 shares in the last quarter. Finally, Uniplan Investment Counsel Inc. lifted its holdings in Park Aerospace by 20.4% during the 4th quarter. Uniplan Investment Counsel Inc. now owns 244,636 shares of the semiconductor company’s stock worth $3,584,000 after buying an additional 41,477 shares during the last quarter. Institutional investors own 77.83% of the company’s stock.

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.