Park Aerospace (NYSE:PKE) Stock Passes Above Two Hundred Day Moving Average - Here's What Happened

Shares of Park Aerospace Corp. (NYSE:PKE - Get Free Report) crossed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of $13.94 and traded as high as $17.71. Park Aerospace shares last traded at $17.34, with a volume of 485,380 shares traded.

Analyst Upgrades and Downgrades

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

Park Aerospace Price Performance

The stock has a 50 day moving average price of $14.45 and a two-hundred day moving average price of $13.99. The firm has a market capitalization of $390.63 million, a price-to-earnings ratio of 57.86 and a beta of 0.41.

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

Park Aerospace Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, August 1st. Investors of record on Tuesday, July 1st will be paid a dividend of $0.125 per share. The ex-dividend date of this dividend is Tuesday, July 1st. This represents a $0.50 annualized dividend and a yield of 2.54%. Park Aerospace's payout ratio is 147.06%.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently bought and sold shares of PKE. BNP Paribas Financial Markets acquired a new position in Park Aerospace during the 4th quarter worth $47,000. Jones Financial Companies Lllp acquired a new position in shares of Park Aerospace during the 1st quarter worth about $52,000. Tower Research Capital LLC TRC boosted its position in shares of 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 worth $75,000 after acquiring an additional 4,282 shares in the last quarter. Parvin Asset Management LLC acquired a new position in shares of Park Aerospace during the 4th quarter worth about $78,000. Finally, OLD National Bancorp IN acquired a new position in shares of Park Aerospace during the 1st quarter worth about $149,000. 77.83% of the stock is owned by institutional investors and hedge funds.

About Park Aerospace

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.