Park Electrochemical Corporation (NYSE:PKE) was downgraded by equities research analysts at BidaskClub from a “hold” rating to a “sell” rating in a report released on Thursday.

Separately, Zacks Investment Research lowered shares of Park Electrochemical Corporation from a “hold” rating to a “sell” rating in a research report on Tuesday, May 9th.

Park Electrochemical Corporation (NYSE PKE) traded down 0.62% on Thursday, reaching $17.73. 2,897 shares of the company’s stock were exchanged. The firm has a market capitalization of $358.75 million, a price-to-earnings ratio of 46.66 and a beta of 0.83. The stock’s 50 day moving average price is $18.33 and its 200 day moving average price is $18.04. Park Electrochemical Corporation has a 1-year low of $13.76 and a 1-year high of $20.24.

Park Electrochemical Corporation (NYSE:PKE) last announced its earnings results on Wednesday, June 28th. The semiconductor company reported $0.12 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.13 by $0.01. The company had revenue of $27.42 million during the quarter, compared to the consensus estimate of $29 million. Park Electrochemical Corporation had a net margin of 6.99% and a return on equity of 4.92%. During the same quarter in the prior year, the company earned $0.15 EPS. On average, analysts expect that Park Electrochemical Corporation will post $0.64 earnings per share for the current year.

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Several institutional investors have recently bought and sold shares of the stock. State Street Corp raised its position in Park Electrochemical Corporation by 6.8% in the fourth quarter. State Street Corp now owns 523,949 shares of the semiconductor company’s stock valued at $9,770,000 after buying an additional 33,139 shares during the period. Chicago Equity Partners LLC acquired a new position in Park Electrochemical Corporation during the first quarter valued at $222,000. Norges Bank acquired a new position in Park Electrochemical Corporation during the fourth quarter valued at $3,738,000. Principal Financial Group Inc. raised its position in Park Electrochemical Corporation by 3.6% in the first quarter. Principal Financial Group Inc. now owns 144,573 shares of the semiconductor company’s stock valued at $2,582,000 after buying an additional 5,083 shares during the period. Finally, Ameriprise Financial Inc. raised its position in Park Electrochemical Corporation by 0.6% in the first quarter. Ameriprise Financial Inc. now owns 181,505 shares of the semiconductor company’s stock valued at $3,242,000 after buying an additional 1,154 shares during the period. Institutional investors own 82.37% of the company’s stock.

About Park Electrochemical Corporation

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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