Park Aerospace (NYSE:PKE) Stock Price Crosses Above 200-Day Moving Average - What's Next?

Park Aerospace Corp. (NYSE:PKE - Get Free Report)'s share price crossed above its two hundred day moving average during trading on Tuesday . The stock has a two hundred day moving average of $13.88 and traded as high as $15.41. Park Aerospace shares last traded at $15.29, with a volume of 76,878 shares traded.

Analyst Upgrades and Downgrades

Separately, Wall Street Zen lowered shares of Park Aerospace from a "buy" rating to a "hold" rating in a research report on Monday, May 19th.

Park Aerospace Price Performance

The company's 50 day moving average price is $13.91 and its 200 day moving average price is $13.88. The firm has a market capitalization of $306.57 million, a P/E ratio of 53.07 and a beta of 0.41.

Park Aerospace (NYSE:PKE - Get Free Report) last posted its earnings results on Thursday, May 15th. The semiconductor company reported $0.06 earnings per share for the quarter. Park Aerospace had a net margin of 9.48% and a return on equity of 7.21%. The company had revenue of $16.94 million for the quarter.

Park Aerospace Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, August 1st. Shareholders of record on Tuesday, July 1st will be issued a $0.125 dividend. This represents a $0.50 dividend on an annualized basis and a yield of 3.25%. The ex-dividend date of this dividend is Tuesday, July 1st. Park Aerospace's dividend payout ratio is currently 172.41%.

Institutional Trading of Park Aerospace

Institutional investors and hedge funds have recently made changes to their positions in the company. D. E. Shaw & Co. Inc. increased its position in Park Aerospace by 62.4% in the 4th quarter. D. E. Shaw & Co. Inc. now owns 54,659 shares of the semiconductor company's stock valued at $801,000 after acquiring an additional 20,997 shares during the period. Brandes Investment Partners LP lifted its stake in shares of Park Aerospace by 4.4% in the fourth quarter. Brandes Investment Partners LP now owns 2,524,503 shares of the semiconductor company's stock valued at $36,984,000 after buying an additional 107,447 shares in the last quarter. Dimensional Fund Advisors LP lifted its stake in shares of Park Aerospace by 3.2% in the fourth quarter. Dimensional Fund Advisors LP now owns 693,130 shares of the semiconductor company's stock valued at $10,154,000 after buying an additional 21,452 shares in the last quarter. Northern Trust Corp lifted its position in shares of Park Aerospace by 4.6% during the fourth quarter. Northern Trust Corp now owns 173,657 shares of the semiconductor company's stock valued at $2,544,000 after purchasing an additional 7,609 shares in the last quarter. Finally, BNP Paribas Financial Markets bought a new position in shares of Park Aerospace during the fourth quarter valued at about $47,000. Institutional investors 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.