Park Electrochemical Downgraded to “Hold” at TheStreet (PKE)
The analysts wrote, “Park Electrochemical (PKE) has been downgraded by TheStreet Ratings from buy to hold. Among the primary strengths of the company is its solid financial position based on a variety of debt and liquidity measures that we have evaluated. At the same time, however, we also find weaknesses including a generally disappointing performance in the stock itself, feeble growth in the company’s earnings per share and deteriorating net income.”
Shares of Park Electrochemical (NYSE: PKE) opened at 23.24 on Monday. Park Electrochemical has a one year low of $22.31 and a one year high of $29.55. The stock’s 50-day moving average is currently $24.53. The company has a market cap of $483.4 million and a P/E ratio of 30.18.
Separately, analysts at Zacks upgraded shares of Park Electrochemical from an “underperform” rating to a “neutral” rating in a research note to investors on Tuesday, February 19th. They now have a $26.00 price target on the stock.
The company also recently declared a quarterly dividend, which is scheduled for Friday, May 3rd. Investors of record on Friday, April 5th will be paid a dividend of $0.10 per share. This represents a $0.40 annualized dividend and a dividend yield of 1.72%. The ex-dividend date is Wednesday, April 3rd.
Park Electrochemical Corp. (NYSE: PKE), through its subsidiaries, is a global advanced materials company, which develops, manufactures, markets and sells high-technology digital and radio frequency (RF)/microwave printed circuit materials products principally for the telecommunications and Internet infrastructure and high-end computing markets and advanced composite materials products and composite parts and assemblies products principally for the aerospace markets.
To view TheStreet’s full report, visit www.thestreetratings.com
Get Analysts' Upgrades and Downgrades via Email - Stay on top of analysts' coverage with Analyst Ratings Network's FREE daily email newsletter that provides a concise list of analysts' upgrades and downgrades. Click here to register now.