Park Aerospace (NYSE:PKE) Stock Crosses Above Two Hundred Day Moving Average – Time to Sell?

Park Aerospace Corp. (NYSE:PKE)’s share price passed 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 changing hands.

Analyst Ratings Changes

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

Park Aerospace Stock Performance

The company has a 50-day moving average of $14.65 and a 200-day moving average of $13.98. The stock has a market capitalization of $294.42 million, a price-to-earnings ratio of 41.06 and a beta of 0.43.

Park Aerospace (NYSE:PKE) last posted 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 Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, February 4th. Investors of record on Friday, January 3rd were issued a $0.125 dividend. The ex-dividend date was Friday, January 3rd. This represents a $0.50 dividend on an annualized basis and a yield of 3.38%. Park Aerospace’s payout ratio is 138.89%.

Institutional Inflows and Outflows

Several large investors have recently made changes to their positions in PKE. Copeland Capital Management LLC purchased a new position in shares of Park Aerospace in the 3rd quarter valued at $43,000. SG Americas Securities LLC acquired a new stake in Park Aerospace in the 4th quarter valued at $132,000. Van ECK Associates Corp raised its position in Park Aerospace by 39.6% in the third quarter. Van ECK Associates Corp now owns 11,088 shares of the semiconductor company’s stock valued at $160,000 after purchasing an additional 3,146 shares during the period. Townsquare Capital LLC lifted its stake in shares of Park Aerospace by 8.3% during the third quarter. Townsquare Capital LLC now owns 16,243 shares of the semiconductor company’s stock worth $212,000 after purchasing an additional 1,248 shares in the last quarter. Finally, Oppenheimer Asset Management Inc. boosted its position in shares of Park Aerospace by 23.6% in the third quarter. Oppenheimer Asset Management Inc. now owns 18,375 shares of the semiconductor company’s stock worth $239,000 after buying an additional 3,507 shares during the period. 77.83% of the stock is owned by hedge funds and other institutional investors.

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.