Park Aerospace (NYSE:PKE) Cut to Hold at StockNews.com

Park Aerospace (NYSE:PKE) was downgraded by stock analysts at StockNews.com from a “buy” rating to a “hold” rating in a note issued to investors on Tuesday.

Park Aerospace Trading Up 1.9 %

NYSE:PKE traded up $0.26 on Tuesday, hitting $14.24. The company had a trading volume of 79,954 shares, compared to its average volume of 44,207. The firm has a 50 day moving average of $14.72 and a two-hundred day moving average of $13.87. The stock has a market capitalization of $284.26 million, a price-to-earnings ratio of 41.88 and a beta of 0.43. Park Aerospace has a 52 week low of $11.96 and a 52 week high of $16.96.

Park Aerospace (NYSE:PKE) last issued its quarterly earnings data on Tuesday, January 14th. The semiconductor company reported $0.08 earnings per share for the quarter. Park Aerospace had a return on equity of 6.61% and a net margin of 11.82%.

Institutional Investors Weigh In On Park Aerospace

Several institutional investors and hedge funds have recently made changes to their positions in the stock. Copeland Capital Management LLC bought a new stake in Park Aerospace in the third quarter valued at approximately $43,000. Van ECK Associates Corp boosted its stake in shares of Park Aerospace by 39.6% in the 3rd quarter. Van ECK Associates Corp now owns 11,088 shares of the semiconductor company’s stock valued at $160,000 after purchasing an additional 3,146 shares during the last quarter. Townsquare Capital LLC boosted its stake in shares of Park Aerospace by 8.3% in the 3rd quarter. Townsquare Capital LLC now owns 16,243 shares of the semiconductor company’s stock valued at $212,000 after purchasing an additional 1,248 shares during the last quarter. Oppenheimer Asset Management Inc. increased its position in shares of Park Aerospace by 23.6% during the third quarter. Oppenheimer Asset Management Inc. now owns 18,375 shares of the semiconductor company’s stock worth $239,000 after buying an additional 3,507 shares during the period. Finally, Barclays PLC raised its stake in Park Aerospace by 295.7% during the third quarter. Barclays PLC now owns 25,710 shares of the semiconductor company’s stock worth $335,000 after buying an additional 19,213 shares during the last quarter. Institutional investors and hedge funds 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.