Parks! America (OTCMKTS:PRKA) Stock Passes Below Fifty Day Moving Average – Here’s Why

Parks! America, Inc. (OTCMKTS:PRKA) crossed below its 50 day moving average during trading on Monday . The stock has a 50 day moving average of $39.25 and traded as low as $39.15. Parks! America shares last traded at $39.55, with a volume of 1,290 shares.

Parks! America Trading Up 1.0%

The stock has a 50 day moving average price of $39.25 and a two-hundred day moving average price of $37.91.

Parks! America announced that its board has authorized a stock repurchase program on Wednesday, December 17th that authorizes the company to buyback $75,000.00 in outstanding shares. This buyback authorization authorizes the company to buy shares of its stock through open market purchases. Shares buyback programs are often an indication that the company’s management believes its shares are undervalued.

About Parks! America

Parks! America, Inc, through its subsidiaries, engages in acquiring, developing, and operating local and regional theme parks and attractions in the United States. The company owns and operates three Wild Animal Safari theme parks located in Pine Mountain, Georgia; Strafford, Missouri; and Bryan/College Station, Texas. The company was formerly known as Great American Family Parks, Inc and changed its name to Parks! America, Inc in June 2008. Parks! America, Inc is based in Pine Mountain, Georgia.