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

Park Aerospace Corp. (NYSE:PKE - Get Free Report) shares crossed above its 200-day moving average during trading on Tuesday . The stock has a 200-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.

Analyst Upgrades and Downgrades

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

Park Aerospace Price Performance

The stock's 50 day moving average is $14.00 and its two-hundred day moving average is $13.90. The firm has a market capitalization of $306.37 million, a P/E ratio of 53.03 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. The company had revenue of $16.94 million for the quarter. Park Aerospace had a net margin of 9.48% and a return on equity of 7.21%.

Park Aerospace Announces Dividend

The company also recently announced 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. The ex-dividend date of this dividend is Tuesday, July 1st. This represents a $0.50 annualized dividend and a yield of 3.25%. Park Aerospace's dividend payout ratio (DPR) is presently 172.41%.

Institutional Investors Weigh In On Park Aerospace

Several hedge funds have recently bought and sold shares of the company. Fiduciary Alliance LLC acquired a new stake in Park Aerospace in the second quarter worth $172,000. Jane Street Group LLC increased its position in shares of Park Aerospace by 11.4% during the first quarter. Jane Street Group LLC now owns 14,205 shares of the semiconductor company's stock worth $191,000 after acquiring an additional 1,456 shares in the last quarter. Jones Financial Companies Lllp bought a new stake in shares of Park Aerospace during the first quarter worth $52,000. Uniplan Investment Counsel Inc. increased its position in shares of Park Aerospace by 0.6% during the first quarter. Uniplan Investment Counsel Inc. now owns 246,215 shares of the semiconductor company's stock worth $3,312,000 after acquiring an additional 1,579 shares in the last quarter. Finally, Gamco Investors INC. ET AL increased its position in shares of Park Aerospace by 2.7% during the first quarter. Gamco Investors INC. ET AL now owns 694,400 shares of the semiconductor company's stock worth $9,340,000 after acquiring an additional 18,500 shares in the last quarter. 77.83% of the stock is currently owned by institutional investors and hedge funds.

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.