StockNews.com Upgrades Park Aerospace (NYSE:PKE) to “Buy”

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

Park Aerospace Stock Performance

NYSE PKE traded down $0.71 during trading on Wednesday, hitting $14.38. The stock had a trading volume of 67,647 shares, compared to its average volume of 65,485. Park Aerospace has a one year low of $11.96 and a one year high of $16.96. The stock has a 50 day simple moving average of $14.57 and a 200 day simple moving average of $13.74. The stock has a market capitalization of $287.05 million, a price-to-earnings ratio of 42.29 and a beta of 0.42.

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

Hedge Funds Weigh In On Park Aerospace

A number of hedge funds have recently added to or reduced their stakes in the stock. Nisa Investment Advisors LLC lifted its holdings 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 worth $33,000 after buying an additional 1,488 shares during the period. Premier Path Wealth Partners LLC lifted its stake in Park Aerospace by 3.3% in the second quarter. Premier Path Wealth Partners LLC now owns 31,512 shares of the semiconductor company’s stock worth $431,000 after acquiring an additional 1,000 shares during the period. Roubaix Capital LLC grew its holdings in Park Aerospace by 1.2% during the 2nd quarter. Roubaix Capital LLC now owns 414,286 shares of the semiconductor company’s stock worth $5,667,000 after acquiring an additional 5,062 shares in the last quarter. American Century Companies Inc. increased its position in Park Aerospace by 5.4% during the 2nd quarter. American Century Companies Inc. now owns 65,214 shares of the semiconductor company’s stock valued at $892,000 after purchasing an additional 3,365 shares during the period. Finally, Dimensional Fund Advisors LP raised its holdings in shares of Park Aerospace by 0.9% in the 2nd quarter. Dimensional Fund Advisors LP now owns 661,134 shares of the semiconductor company’s stock valued at $9,044,000 after purchasing an additional 5,933 shares in the last quarter. 77.83% of the stock is currently 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.