Park Aerospace (NYSE:PKE) Stock Rating Upgraded by StockNews.com

Park Aerospace (NYSE:PKE) was upgraded by equities researchers at StockNews.com from a “hold” rating to a “buy” rating in a research note issued on Wednesday.

Park Aerospace Trading Down 1.0 %

Shares of PKE opened at $14.24 on Wednesday. The firm has a market capitalization of $284.26 million, a PE ratio of 41.88 and a beta of 0.42. The stock’s 50 day moving average is $14.59 and its two-hundred day moving average is $13.74. Park Aerospace has a twelve month low of $11.96 and a twelve month high of $16.96.

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

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Brandes Investment Partners LP raised its stake in shares of Park Aerospace by 12.0% during the second quarter. Brandes Investment Partners LP now owns 2,150,573 shares of the semiconductor company’s stock valued at $29,256,000 after purchasing an additional 229,720 shares during the period. Royce & Associates LP increased its stake in Park Aerospace by 94.9% during the 3rd quarter. Royce & Associates LP now owns 371,673 shares of the semiconductor company’s stock worth $4,843,000 after buying an additional 181,006 shares during the period. Sanctuary Advisors LLC acquired a new position in Park Aerospace in the 2nd quarter worth $617,000. Marshall Wace LLP purchased a new position in Park Aerospace in the 2nd quarter valued at about $543,000. Finally, Barclays PLC grew its stake in shares of Park Aerospace by 295.7% during the third quarter. Barclays PLC now owns 25,710 shares of the semiconductor company’s stock valued at $335,000 after acquiring an additional 19,213 shares in the last quarter. 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.