Park Electrochemical Corp. (NYSE:PKE) shares traded down 1.9% during mid-day trading on Friday . The company traded as low as $16.65 and last traded at $16.70, with a volume of 52,526 shares. The stock had previously closed at $17.03.

A number of research analysts have issued reports on the stock. Zacks Investment Research cut shares of Park Electrochemical Corp. from a “hold” rating to a “strong sell” rating in a report on Friday, May 6th. Needham & Company LLC decreased their price target on shares of Park Electrochemical Corp. from $21.00 to $18.00 and set a “buy” rating for the company in a report on Thursday, June 30th.

The firm has a market capitalization of $337.91 million and a PE ratio of 20.90. The stock has a 50-day moving average of $16.00 and a 200 day moving average of $15.39.

Park Electrochemical Corp. (NYSE:PKE) last issued its earnings results on Wednesday, June 29th. The company reported $0.15 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.22 by $0.07. The firm had revenue of $31.50 million for the quarter. During the same period in the previous year, the business posted $0.24 earnings per share. Equities analysts forecast that Park Electrochemical Corp. will post $0.80 EPS for the current year.

The business also recently announced a quarterly dividend, which will be paid on Wednesday, August 3rd. Stockholders of record on Tuesday, July 5th will be issued a $0.10 dividend. This represents a $0.40 annualized dividend and a dividend yield of 2.40%. The ex-dividend date of this dividend is Thursday, June 30th.

A number of hedge funds have modified their holdings of the company. Morgan Stanley boosted its stake in shares of Park Electrochemical Corp. by 154.9% in the fourth quarter. Morgan Stanley now owns 71,385 shares of the company’s stock worth $1,074,000 after buying an additional 43,381 shares in the last quarter. Teton Advisors Inc. boosted its stake in shares of Park Electrochemical Corp. by 13.7% in the fourth quarter. Teton Advisors Inc. now owns 90,281 shares of the company’s stock worth $1,360,000 after buying an additional 10,900 shares in the last quarter. Gabelli Funds LLC boosted its stake in shares of Park Electrochemical Corp. by 3.1% in the fourth quarter. Gabelli Funds LLC now owns 331,000 shares of the company’s stock worth $4,985,000 after buying an additional 10,000 shares in the last quarter. Gamco Investors INC. ET AL boosted its stake in shares of Park Electrochemical Corp. by 6.3% in the fourth quarter. Gamco Investors INC. ET AL now owns 728,500 shares of the company’s stock worth $10,971,000 after buying an additional 43,200 shares in the last quarter. Finally, Dimensional Fund Advisors LP boosted its stake in shares of Park Electrochemical Corp. by 22.3% in the fourth quarter. Dimensional Fund Advisors LP now owns 925,534 shares of the company’s stock worth $13,939,000 after buying an additional 168,649 shares in the last quarter.

Park Electrochemical Corp. (Park) is a global advanced materials company. The Company 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 and low-volume tooling products for the aerospace markets.

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