Park Electrochemical (NYSE:PKE) was upgraded by Zacks Investment Research from a “sell” rating to a “hold” rating in a research note issued on Wednesday.

According to Zacks, “Park Electrochemical Corp. is a global advanced materials company which develops and manufactures advanced composite materials, primary and secondary structures and assemblies and low-volume tooling for the aerospace markets and high-technology digital and RF/microwave printed circuit materials principally for the telecommunications and internet infrastructure, enterprise and military/aerospace markets. Park’s core capabilities are in the areas of polymer chemistry formulation and coating technology. It’s operates through the following divisions: Advanced Composite Materials, Aerospace Structures, Electronic Materials, and Radio Frequency and Microwave Materials. “

Several other analysts have also commented on PKE. Needham & Company LLC reiterated a “buy” rating and set a $22.00 price objective on shares of Park Electrochemical in a report on Friday, September 1st. BidaskClub downgraded Park Electrochemical from a “hold” rating to a “sell” rating in a research report on Thursday, August 10th.

Shares of Park Electrochemical (NYSE:PKE) opened at $19.05 on Wednesday. The stock has a market capitalization of $385.51, a P/E ratio of 40.53 and a beta of 0.88. Park Electrochemical has a 52-week low of $16.00 and a 52-week high of $20.24. The company has a debt-to-equity ratio of 0.37, a quick ratio of 14.56 and a current ratio of 15.23.

Park Electrochemical (NYSE:PKE) last announced its quarterly earnings data on Tuesday, October 3rd. The semiconductor company reported $0.12 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.13 by ($0.01). Park Electrochemical had a return on equity of 5.12% and a net margin of 5.63%. The firm had revenue of $29.84 million during the quarter, compared to the consensus estimate of $28.00 million. During the same period last year, the company earned $0.10 EPS. equities research analysts predict that Park Electrochemical will post 0.54 EPS for the current year.

A number of institutional investors have recently bought and sold shares of the stock. BNP Paribas Arbitrage SA grew its stake in shares of Park Electrochemical by 57.3% in the second quarter. BNP Paribas Arbitrage SA now owns 6,986 shares of the semiconductor company’s stock worth $129,000 after acquiring an additional 2,545 shares in the last quarter. Municipal Employees Retirement System of Michigan boosted its holdings in shares of Park Electrochemical by 59.0% in the 3rd quarter. Municipal Employees Retirement System of Michigan now owns 7,140 shares of the semiconductor company’s stock valued at $132,000 after buying an additional 2,650 shares during the period. Thrivent Financial For Lutherans boosted its holdings in shares of Park Electrochemical by 7.3% in the 2nd quarter. Thrivent Financial For Lutherans now owns 11,480 shares of the semiconductor company’s stock valued at $211,000 after buying an additional 780 shares during the period. Voya Investment Management LLC boosted its holdings in shares of Park Electrochemical by 13.6% in the 2nd quarter. Voya Investment Management LLC now owns 13,071 shares of the semiconductor company’s stock valued at $241,000 after buying an additional 1,561 shares during the period. Finally, SG Americas Securities LLC bought a new stake in Park Electrochemical in the 3rd quarter valued at about $254,000. Hedge funds and other institutional investors own 81.82% of the company’s stock.

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Park Electrochemical Company Profile

Park Electrochemical Corp. is a global advanced materials company. The Company develops, manufactures, markets and sells 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 and low-volume tooling products for the aerospace markets.

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