Parks! America (OTCMKTS:PRKA) Stock Crosses Below 200-Day Moving Average – Here’s Why

Parks! America, Inc. (OTCMKTS:PRKA)’s stock price passed below its 200-day moving average during trading on Friday . The stock has a 200-day moving average of $39.07 and traded as low as $36.50. Parks! America shares last traded at $36.50, with a volume of 300 shares changing hands.

Parks! America Stock Down 6.7%

The stock has a fifty day moving average price of $39.16 and a 200-day moving average price of $39.07.

Parks! America declared that its board has authorized a stock repurchase plan on Wednesday, December 17th that allows the company to buyback $75,000.00 in outstanding shares. This buyback authorization allows the company to purchase shares of its stock through open market purchases. Shares buyback plans are typically a sign that the company’s management believes its shares are undervalued.

Parks! America Company Profile

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.