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

Park Aerospace Corp. (NYSE:PKE) shares passed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of $13.73 and traded as high as $15.34. Park Aerospace shares last traded at $15.24, with a volume of 54,584 shares traded.

Analyst Upgrades and Downgrades

Separately, StockNews.com downgraded shares of Park Aerospace from a “buy” rating to a “hold” rating in a report on Tuesday, November 5th.

Park Aerospace Stock Up 2.1 %

The stock has a market capitalization of $304.19 million, a price-to-earnings ratio of 44.82 and a beta of 0.42. The stock’s 50-day simple moving average is $14.54 and its 200 day simple moving average is $13.73.

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

Park Aerospace Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, February 4th. Stockholders of record on Friday, January 3rd will be given a dividend of $0.125 per share. The ex-dividend date of this dividend is Friday, January 3rd. This represents a $0.50 dividend on an annualized basis and a dividend yield of 3.28%. Park Aerospace’s payout ratio is 147.06%.

Institutional Investors Weigh In On Park Aerospace

A number of institutional investors and hedge funds have recently modified their holdings of PKE. Nisa Investment Advisors LLC raised its stake in shares of Park Aerospace by 166.8% during the second quarter. Nisa Investment Advisors LLC now owns 2,380 shares of the semiconductor company’s stock worth $33,000 after buying an additional 1,488 shares during the last quarter. Premier Path Wealth Partners LLC increased its stake in Park Aerospace by 3.3% in the second quarter. Premier Path Wealth Partners LLC now owns 31,512 shares of the semiconductor company’s stock valued at $431,000 after purchasing an additional 1,000 shares in the last quarter. Roubaix Capital LLC increased its stake in Park Aerospace by 1.2% in the second quarter. Roubaix Capital LLC now owns 414,286 shares of the semiconductor company’s stock valued at $5,667,000 after purchasing an additional 5,062 shares in the last quarter. American Century Companies Inc. increased its stake in Park Aerospace by 5.4% in the second quarter. American Century Companies Inc. now owns 65,214 shares of the semiconductor company’s stock valued at $892,000 after purchasing an additional 3,365 shares in the last quarter. Finally, Dimensional Fund Advisors LP increased its stake in Park Aerospace by 0.9% in the second quarter. Dimensional Fund Advisors LP now owns 661,134 shares of the semiconductor company’s stock valued at $9,044,000 after purchasing an additional 5,933 shares in the last quarter. 77.83% of the stock is owned by 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.