StockNews.com upgraded shares of Park Aerospace (NYSE:PKE – Free Report) from a hold rating to a buy rating in a research note released on Wednesday morning.
Park Aerospace Trading Up 9.3 %
Shares of PKE stock opened at $14.52 on Wednesday. The company has a market capitalization of $294.07 million, a P/E ratio of 39.24 and a beta of 0.39. Park Aerospace has a 12 month low of $11.96 and a 12 month high of $16.96. The stock has a 50 day moving average of $13.24 and a two-hundred day moving average of $13.78.
Park Aerospace (NYSE:PKE – Get Free Report) last posted its quarterly earnings results on Tuesday, October 15th. The semiconductor company reported $0.10 earnings per share for the quarter. Park Aerospace had a net margin of 12.15% and a return on equity of 6.27%. The firm had revenue of $16.71 million for the quarter.
Park Aerospace Dividend Announcement
Institutional Investors Weigh In On Park Aerospace
Large investors have recently made changes to their positions in the company. Nisa Investment Advisors LLC increased its holdings in shares of Park Aerospace by 166.8% during the second quarter. Nisa Investment Advisors LLC now owns 2,380 shares of the semiconductor company’s stock worth $33,000 after buying an additional 1,488 shares in the last quarter. Quadrature Capital Ltd grew its holdings in shares of Park Aerospace by 5.6% during the fourth quarter. Quadrature Capital Ltd now owns 11,949 shares of the semiconductor company’s stock worth $176,000 after purchasing an additional 630 shares during the last quarter. Oppenheimer Asset Management Inc. acquired a new stake in shares of Park Aerospace in the first quarter valued at $235,000. State Board of Administration of Florida Retirement System acquired a new stake in shares of Park Aerospace in the first quarter valued at $245,000. Finally, Russell Investments Group Ltd. lifted its position in Park Aerospace by 1,704.2% during the 1st quarter. Russell Investments Group Ltd. now owns 19,738 shares of the semiconductor company’s stock worth $328,000 after buying an additional 18,644 shares in the last quarter. Institutional investors own 77.83% of the company’s stock.
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.
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