Park Aerospace (NYSE:PKE) Share Price Passes Above 200 Day Moving Average - Should You Sell?

Key Points

• Park Aerospace shares have crossed above their 200-day moving average, reaching a high of $19.30 before closing at $17.76.
• Analysts at Wall Street Zen have downgraded Park Aerospace from a “buy” to a “hold” rating as of May 19th.
• The company plans to pay a quarterly dividend of $0.125 per share, with a yield of 2.84%, reflecting a payout ratio of 147.06%.

Park Aerospace Corp. (NYSE:PKE - Get Free Report) shares crossed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of $14.13 and traded as high as $19.30. Park Aerospace shares last traded at $17.76, with a volume of 253,615 shares.

Wall Street Analyst Weigh In

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

Park Aerospace Stock Up 2.1%

The stock has a market cap of $356.98 million, a price-to-earnings ratio of 52.87 and a beta of 0.41. The company has a 50 day simple moving average of $14.98 and a 200 day simple moving average of $14.16.

Park Aerospace (NYSE:PKE - Get Free Report) last issued its earnings results on Tuesday, July 15th. The semiconductor company reported $0.10 EPS for the quarter. The firm had revenue of $15.40 million during the quarter. Park Aerospace had a return on equity of 7.60% and a net margin of 10.98%.

Park Aerospace Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, August 1st. Stockholders of record on Tuesday, July 1st will be paid a $0.125 dividend. This represents a $0.50 annualized dividend and a dividend yield of 2.78%. The ex-dividend date is Tuesday, July 1st. Park Aerospace's dividend payout ratio is currently 147.06%.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently made changes to their positions in the company. BNP Paribas Financial Markets acquired a new position in shares of Park Aerospace in the fourth quarter valued at approximately $47,000. Jones Financial Companies Lllp acquired a new stake in Park Aerospace during the 1st quarter valued at approximately $52,000. Tower Research Capital LLC TRC increased its position in Park Aerospace by 515.9% during the 4th quarter. Tower Research Capital LLC TRC now owns 5,112 shares of the semiconductor company's stock valued at $75,000 after purchasing an additional 4,282 shares during the period. Parvin Asset Management LLC acquired a new stake in Park Aerospace during the 4th quarter valued at approximately $78,000. Finally, OLD National Bancorp IN acquired a new stake in Park Aerospace during the 1st quarter valued at approximately $149,000. 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.