Park Aerospace (NYSE:PKE) Rating Increased to Buy at StockNews.com

Park Aerospace (NYSE:PKE) was upgraded by equities research analysts at StockNews.com from a “hold” rating to a “buy” rating in a research note issued on Wednesday.

Park Aerospace Stock Down 4.7 %

NYSE PKE traded down $0.71 on Wednesday, reaching $14.38. The company had a trading volume of 67,647 shares, compared to its average volume of 65,485. The stock has a market capitalization of $287.05 million, a PE ratio of 42.29 and a beta of 0.42. Park Aerospace has a 12 month low of $11.96 and a 12 month high of $16.96. The firm’s 50 day moving average price is $14.57 and its 200 day moving average price is $13.74.

Park Aerospace (NYSE:PKE) last issued its quarterly earnings data on Tuesday, October 15th. The semiconductor company reported $0.10 earnings per share for the quarter. The firm had revenue of $16.71 million during the quarter. Park Aerospace had a return on equity of 6.61% and a net margin of 11.82%.

Hedge Funds Weigh In On Park Aerospace

Institutional investors have recently bought and sold shares of the business. Brandes Investment Partners LP grew its position in Park Aerospace by 12.0% in the second quarter. Brandes Investment Partners LP now owns 2,150,573 shares of the semiconductor company’s stock worth $29,256,000 after acquiring an additional 229,720 shares in the last quarter. Royce & Associates LP lifted its stake in shares of Park Aerospace by 94.9% in the 3rd quarter. Royce & Associates LP now owns 371,673 shares of the semiconductor company’s stock valued at $4,843,000 after purchasing an additional 181,006 shares during the last quarter. Sanctuary Advisors LLC bought a new stake in shares of Park Aerospace in the 2nd quarter valued at approximately $617,000. Marshall Wace LLP purchased a new position in shares of Park Aerospace in the 2nd quarter worth approximately $543,000. Finally, Barclays PLC increased its position in shares of Park Aerospace by 295.7% during the 3rd quarter. Barclays PLC now owns 25,710 shares of the semiconductor company’s stock valued at $335,000 after purchasing an additional 19,213 shares during the last quarter. 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.