Park Aerospace (NYSE:PKE) Share Price Passes Above 200 Day Moving Average – Time to Sell?

Park Aerospace Corp. (NYSE:PKE) shares passed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of $17.49 and traded as high as $19.90. Park Aerospace shares last traded at $19.5790, with a volume of 95,035 shares trading hands.

Analyst Ratings Changes

Separately, Weiss Ratings reaffirmed a “hold (c+)” rating on shares of Park Aerospace in a research note on Tuesday. One equities research analyst has rated the stock with a Hold rating, According to MarketBeat, the stock has an average rating of “Hold”.

Park Aerospace Stock Down 1.1%

The company has a market capitalization of $385.98 million, a PE ratio of 53.86 and a beta of 0.45. The business has a 50 day simple moving average of $19.60 and a 200 day simple moving average of $17.53.

Park Aerospace (NYSE:PKE) last announced its quarterly earnings data on Thursday, October 9th. The semiconductor company reported $0.12 EPS for the quarter. The business had revenue of $16.38 million during the quarter. Park Aerospace had a net margin of 11.57% and a return on equity of 7.97%. During the same quarter in the previous year, the firm posted $0.10 earnings per share.

Park Aerospace Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, November 5th. Investors of record on Wednesday, October 1st were given a dividend of $0.125 per share. The ex-dividend date was Wednesday, October 1st. This represents a $0.50 dividend on an annualized basis and a yield of 2.6%. Park Aerospace’s payout ratio is presently 138.89%.

Hedge Funds Weigh In On Park Aerospace

A number of institutional investors have recently added to or reduced their stakes in PKE. Brandes Investment Partners LP grew its stake in shares of Park Aerospace by 4.1% in the 2nd quarter. Brandes Investment Partners LP now owns 3,001,732 shares of the semiconductor company’s stock valued at $44,336,000 after buying an additional 118,384 shares during the period. Gamco Investors INC. ET AL increased its stake in Park Aerospace by 2.7% during the first quarter. Gamco Investors INC. ET AL now owns 694,400 shares of the semiconductor company’s stock worth $9,340,000 after purchasing an additional 18,500 shares during the period. Foundation Resource Management Inc. increased its stake in Park Aerospace by 1.7% during the third quarter. Foundation Resource Management Inc. now owns 500,493 shares of the semiconductor company’s stock worth $10,180,000 after purchasing an additional 8,596 shares during the period. Roubaix Capital LLC lifted its position in shares of Park Aerospace by 2.6% during the first quarter. Roubaix Capital LLC now owns 467,484 shares of the semiconductor company’s stock worth $6,288,000 after purchasing an additional 11,687 shares in the last quarter. Finally, Geode Capital Management LLC boosted its stake in shares of Park Aerospace by 1.7% in the second quarter. Geode Capital Management LLC now owns 439,194 shares of the semiconductor company’s stock valued at $6,489,000 after purchasing an additional 7,342 shares during the period. Hedge funds and other institutional investors 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.