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

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

Park Aerospace Trading Down 1.0 %

PKE opened at $14.05 on Thursday. The stock has a market capitalization of $284.55 million, a PE ratio of 37.97 and a beta of 0.39. Park Aerospace has a 1-year low of $11.96 and a 1-year high of $16.96. The firm has a 50-day moving average price of $13.49 and a two-hundred day moving average price of $13.72.

Park Aerospace (NYSE:PKE) last posted 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 net margin of 11.82% and a return on equity of 6.61%.

Institutional Inflows and Outflows

Several hedge funds have recently modified their holdings of PKE. Nisa Investment Advisors LLC boosted its stake in shares of Park Aerospace by 166.8% in the 2nd quarter. Nisa Investment Advisors LLC now owns 2,380 shares of the semiconductor company’s stock valued at $33,000 after purchasing an additional 1,488 shares during the last quarter. Copeland Capital Management LLC bought a new position in Park Aerospace during the 3rd quarter worth approximately $43,000. Quadrature Capital Ltd boosted its stake in Park Aerospace by 5.6% during the 4th quarter. Quadrature Capital Ltd now owns 11,949 shares of the semiconductor company’s stock worth $176,000 after acquiring an additional 630 shares during the last quarter. Oppenheimer Asset Management Inc. bought a new position in Park Aerospace during the 1st quarter worth approximately $235,000. Finally, State Board of Administration of Florida Retirement System bought a new position in Park Aerospace in the first quarter valued at approximately $245,000. 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.