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 %

Shares of PKE stock opened at $14.52 on Friday. Park Aerospace has a 52 week low of $11.96 and a 52 week high of $16.96. The company has a market cap of $289.85 million, a PE ratio of 42.71 and a beta of 0.42. The company’s fifty day simple moving average is $14.67 and its 200-day simple moving average is $13.79.

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

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of PKE. JPMorgan Chase & Co. grew its holdings in shares of Park Aerospace by 295.5% in the 3rd quarter. JPMorgan Chase & Co. now owns 38,713 shares of the semiconductor company’s stock worth $504,000 after acquiring an additional 28,924 shares during the last quarter. Sanctuary Advisors LLC increased its stake in Park Aerospace by 19.2% in the 3rd quarter. Sanctuary Advisors LLC now owns 49,869 shares of the semiconductor company’s stock worth $650,000 after purchasing an additional 8,045 shares in the last quarter. Barclays PLC raised its holdings in Park Aerospace by 295.7% during the 3rd 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 period. Geode Capital Management LLC lifted its stake in Park Aerospace by 1.3% during the third quarter. Geode Capital Management LLC now owns 422,116 shares of the semiconductor company’s stock valued at $5,502,000 after buying an additional 5,491 shares in the last quarter. Finally, Jane Street Group LLC boosted its holdings in shares of Park Aerospace by 76.5% in the third quarter. Jane Street Group LLC now owns 30,057 shares of the semiconductor company’s stock worth $392,000 after buying an additional 13,024 shares during the period. 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.