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

Park Aerospace (NYSE:PKE) was downgraded by equities researchers at StockNews.com from a “buy” rating to a “hold” rating in a report released on Monday.

Park Aerospace Price Performance

Park Aerospace stock traded down $0.01 during midday trading on Monday, hitting $14.00. The company’s stock had a trading volume of 34,214 shares, compared to its average volume of 66,382. The company has a 50-day moving average price of $13.31 and a two-hundred day moving average price of $14.06. The company has a market cap of $278.95 million, a price-to-earnings ratio of 38.89 and a beta of 0.36. Park Aerospace has a 1-year low of $11.96 and a 1-year high of $15.57.

Park Aerospace (NYSE:PKE) last issued its earnings results on Thursday, May 15th. The semiconductor company reported $0.06 EPS for the quarter. The company had revenue of $16.94 million during the quarter. Park Aerospace had a net margin of 11.90% and a return on equity of 7.02%.

Institutional Investors Weigh In On Park Aerospace

Institutional investors have recently added to or reduced their stakes in the business. Bank of New York Mellon Corp boosted its stake in shares of Park Aerospace by 0.4% in the 4th quarter. Bank of New York Mellon Corp now owns 208,834 shares of the semiconductor company’s stock valued at $3,059,000 after purchasing an additional 887 shares during the last quarter. Private Advisor Group LLC boosted its stake in shares of Park Aerospace by 5.9% in the 1st quarter. Private Advisor Group LLC now owns 18,561 shares of the semiconductor company’s stock valued at $250,000 after purchasing an additional 1,033 shares during the last quarter. Price T Rowe Associates Inc. MD boosted its stake in shares of Park Aerospace by 2.4% in the 4th quarter. Price T Rowe Associates Inc. MD now owns 47,431 shares of the semiconductor company’s stock valued at $695,000 after purchasing an additional 1,099 shares during the last quarter. Kennedy Capital Management LLC boosted its stake in Park Aerospace by 1.0% during the fourth quarter. Kennedy Capital Management LLC now owns 140,499 shares of the semiconductor company’s stock worth $2,058,000 after acquiring an additional 1,361 shares in the last quarter. Finally, Victory Capital Management Inc. boosted its stake in Park Aerospace by 0.8% during the first quarter. Victory Capital Management Inc. now owns 180,944 shares of the semiconductor company’s stock worth $2,434,000 after acquiring an additional 1,450 shares in the last quarter. 77.83% of the stock is owned by institutional investors.

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.