Park Aerospace (NYSE:PKE) Lowered to Hold Rating by StockNews.com

Park Aerospace (NYSE:PKE) was downgraded by analysts at StockNews.com from a “buy” rating to a “hold” rating in a research note issued to investors on Tuesday.

Park Aerospace Stock Performance

Park Aerospace stock opened at $14.44 on Tuesday. The firm has a market capitalization of $288.25 million, a P/E ratio of 42.47 and a beta of 0.43. The company has a 50-day simple moving average of $14.73 and a 200-day simple moving average of $13.87. Park Aerospace has a one year low of $11.96 and a one year high of $16.96.

Park Aerospace (NYSE:PKE) last posted its earnings results on Tuesday, January 14th. The semiconductor company reported $0.08 EPS for the quarter. Park Aerospace had a net margin of 11.82% and a return on equity of 6.61%.

Institutional Inflows and Outflows

Institutional investors have recently added to or reduced their stakes in the business. Copeland Capital Management LLC acquired a new position in shares of Park Aerospace during the third quarter valued at $43,000. Van ECK Associates Corp grew its position in Park Aerospace by 39.6% in the 3rd quarter. Van ECK Associates Corp now owns 11,088 shares of the semiconductor company’s stock valued at $160,000 after buying an additional 3,146 shares in the last quarter. Townsquare Capital LLC grew its position in Park Aerospace by 8.3% in the 3rd quarter. Townsquare Capital LLC now owns 16,243 shares of the semiconductor company’s stock valued at $212,000 after buying an additional 1,248 shares in the last quarter. Oppenheimer Asset Management Inc. increased its stake in Park Aerospace by 23.6% during the 3rd quarter. Oppenheimer Asset Management Inc. now owns 18,375 shares of the semiconductor company’s stock valued at $239,000 after buying an additional 3,507 shares during the period. Finally, Barclays PLC raised its position in shares of Park Aerospace by 295.7% during the 3rd quarter. Barclays PLC now owns 25,710 shares of the semiconductor company’s stock worth $335,000 after buying an additional 19,213 shares in the last quarter. Institutional investors and hedge funds 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.