Park Electrochemical Corp. Rating Lowered to Underperform at Zacks (PKE)
Park Electrochemical Corp. (NYSE:PKE) was downgraded by Zacks from a “neutral” rating to an “underperform” rating in a report released on Tuesday, Analyst Ratings Network reports. They currently have a $26.80 price objective on the stock. Zacks‘ price target suggests a potential downside of 5.03% from the company’s current price.
Park Electrochemical Corp. (NYSE:PKE) traded up 2.41% during mid-day trading on Tuesday, hitting $28.90. The stock had a trading volume of 24,159 shares. Park Electrochemical Corp. has a 1-year low of $22.31 and a 1-year high of $30.18. The stock’s 50-day moving average is $28.1 and its 200-day moving average is $27.8. The company has a market cap of $602.8 million and a price-to-earnings ratio of 34.63.
The company also recently declared a quarterly dividend, which is scheduled for Monday, February 3rd. Investors of record on Friday, January 3rd will be given a dividend of 0.10 per share. This represents a $0.40 dividend on an annualized basis and a yield of 1.42%. The ex-dividend date of this dividend is Tuesday, December 31st.
Separately, analysts at TheStreet downgraded shares of Park Electrochemical Corp. from a “buy” rating to a “hold” rating in a research note to investors on Tuesday.
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, parts and assemblies products principally for the aerospace markets.
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