The stock of Park Electrochemical Corp. (NYSE:PKE) hit a new 52-week high and has $28.64 target or 57.00% above today’s $18.24 share price. The 7 months bullish chart indicates low risk for the $381.98M company. The 1-year high was reported on Nov, 21 by Barchart.com. If the $28.64 price target is reached, the company will be worth $217.73M more.
The 52-week high event is an important milestone for every stock because it shows very positive momentum and is time when buyers come in. During such notable technical setup, fundamental investors usually stay away and are careful shorting or selling the stock. About 18,807 shares traded hands. Park Electrochemical Corp. (NYSE:PKE) has risen 8.99% since April 19, 2016 and is uptrending. It has outperformed by 5.13% the S&P500.
According to Zacks Investment Research, “Park Electrochemical Corp., through its subsidiaries, is primarily engaged in the design, production and marketing of advanced electronic materials used to fabricate complex multilayer printed circuit boards, semiconductor packages and other electronic interconnection systems. The company’s electronic materials business is operated by its Nelco group of companies. The company is also engaged in the design, production and marketing of specialty adhesive tapes and films, advanced composite materials and microwave circuitry materials for the electronics, aerospace markets.”
Insitutional Activity: The institutional sentiment increased to 1.41 in Q2 2016. Its up 0.30, from 1.11 in 2016Q1. The ratio increased, as 4 funds sold all Park Electrochemical Corp. shares owned while 32 reduced positions. 8 funds bought stakes while 32 increased positions. They now own 16.70 million shares or 4.59% more from 15.96 million shares in 2016Q1.
Metropolitan Life Insurance Communication New York has invested 0% of its portfolio in Park Electrochemical Corp. (NYSE:PKE). Bnp Paribas Arbitrage Sa accumulated 6,203 shares or 0% of the stock. Walthausen And Company Ltd Limited Liability Company holds 24,280 shares or 0.04% of its portfolio. Blackrock Advsr Ltd Liability Company accumulated 0% or 8,963 shares. Invesco has 114,696 shares for 0% of their US portfolio. River Road Asset Limited Company accumulated 141,813 shares or 0.04% of the stock. Blackrock holds 0% or 5,983 shares in its portfolio. Deere Co reported 19,388 shares or 0.02% of all its holdings. Teachers Retirement Systems Of The State Of Kentucky owns 6,400 shares or 0% of their US portfolio. Gabelli Funds Ltd Limited Liability Company has 356,600 shares for 0.03% of their US portfolio. The Florida-based Deprince Race & Zollo has invested 0.01% in Park Electrochemical Corp. (NYSE:PKE). Citadel Advsrs Ltd, a Illinois-based fund reported 26,753 shares. New York State Teachers Retirement Sys holds 0% of its portfolio in Park Electrochemical Corp. (NYSE:PKE) for 72,459 shares. Pinebridge Ltd Partnership owns 2,381 shares or 0% of their US portfolio. Pnc Financial Group, a Pennsylvania-based fund reported 136 shares.
Insider Transactions: Since October 21, 2016, the stock had 1 insider buy, and 1 sale for $ net activity. 7,500 shares with value of $110,325 were sold by Blanchfield Dale on Friday, October 21. SHORE BRIAN E bought $110,325 worth of stock or 7,500 shares.
More news for Park Electrochemical Corp. (NYSE:PKE) were recently published by: Marketwatch.com, which released: “/quotes/zigman/3870025/realtime” on October 16, 2010. Globenewswire.com‘s article titled: “Park Electrochemical Corp. Announces Election of Matthew Farabaugh as Senior …” and published on March 11, 2016 is yet another important article.
PKE Company Profile
Park Electrochemical Corp., incorporated on March 31, 1954, is a global advanced materials company. The Firm develops, makes, 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. The Firm operates through integrated business units in Asia, Europe and North America. The Company’s manufacturing facilities are located in Singapore, France, Kansas, Arizona and California. The Firm also maintains research and development facilities in Arizona, Kansas and Singapore. The Company’s foreign activities are conducted principally by the Company’s subsidiaries in Singapore and France.
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