Park Aerospace (NYSE:PKE) Stock Rating Upgraded by StockNews.com

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

Park Aerospace Trading Down 2.5 %

NYSE:PKE opened at $14.52 on Friday. The business’s fifty day moving average price is $14.67 and its 200 day moving average price is $13.79. The firm has a market capitalization of $289.85 million, a price-to-earnings ratio of 42.71 and a beta of 0.42. Park Aerospace has a 1-year low of $11.96 and a 1-year high of $16.96.

Park Aerospace (NYSE:PKE) last issued its earnings results on Tuesday, October 15th. The semiconductor company reported $0.10 earnings per share for the quarter. The company had revenue of $16.71 million for 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

A number of hedge funds have recently modified their holdings of the stock. Marshall Wace LLP purchased a new position in Park Aerospace in the second quarter valued at about $543,000. FMR LLC grew its stake in shares of Park Aerospace by 26.3% in the 3rd quarter. FMR LLC now owns 26,336 shares of the semiconductor company’s stock valued at $343,000 after buying an additional 5,492 shares in the last quarter. Sanctuary Advisors LLC bought a new stake in shares of Park Aerospace in the 2nd quarter valued at approximately $617,000. Brandes Investment Partners LP increased its holdings 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 buying an additional 229,720 shares during the last quarter. Finally, Oppenheimer Asset Management Inc. raised its position in Park Aerospace by 23.6% during the third quarter. Oppenheimer Asset Management Inc. now owns 18,375 shares of the semiconductor company’s stock valued at $239,000 after acquiring an additional 3,507 shares in the last quarter. 77.83% of the stock is owned by institutional investors and hedge funds.

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.