The stock of Park Electrochemical Corp. (NYSE:PKE) hit a new 52-week high and has $19.26 target or 3.00% above today’s $18.70 share price. The 9 months bullish chart indicates low risk for the $381.24M company. The 1-year high was reported on Nov, 28 by Barchart.com. If the $19.26 price target is reached, the company will be worth $11.44 million 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 44,299 shares traded hands. Park Electrochemical Corp. (NYSE:PKE) has risen 14.94% since April 25, 2016 and is uptrending. It has outperformed by 8.92% the S&P500.
Analysts await Park Electrochemical Corp. (NYSE:PKE) to report earnings on January, 5. They expect $0.14 EPS, down 33.33% or $0.07 from last year’s $0.21 per share. PKE’s profit will be $2.85M for 33.39 P/E if the $0.14 EPS becomes a reality. After $0.10 actual EPS reported by Park Electrochemical Corp. for the previous quarter, Wall Street now forecasts 40.00% EPS growth.
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 improved, 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.
Pnc Finance Svcs Group Incorporated Incorporated owns 136 shares or 0% of their US portfolio. Comerica Bancorp reported 20,146 shares or 0% of all its holdings. Sensato Investors Limited Com last reported 16,635 shares in the company. Moreover, Dimensional Fund Advsr L P has 0.01% invested in Park Electrochemical Corp. (NYSE:PKE) for 1.01M shares. Vanguard Grp accumulated 0% or 1.58M shares. Moreover, Barrow Hanley Mewhinney And Strauss Ltd Liability Corporation has 0.02% invested in Park Electrochemical Corp. (NYSE:PKE) for 892,183 shares. Ladenburg Thalmann Services holds 0% or 6 shares in its portfolio. Secor Advsrs L P has invested 0.04% of its portfolio in Park Electrochemical Corp. (NYSE:PKE). Moreover, Morgan Stanley has 0% invested in Park Electrochemical Corp. (NYSE:PKE) for 69,696 shares. Employees Retirement Association Of Colorado last reported 0% of its portfolio in the stock. Moreover, Bancorporation Of America De has 0% invested in Park Electrochemical Corp. (NYSE:PKE) for 1,468 shares. State Of Tennessee Treasury Department accumulated 0% or 16,284 shares. Texas Permanent School Fund last reported 0% of its portfolio in the stock. Credit Suisse Ag last reported 0% of its portfolio in the stock. National Bank & Trust Of Mellon holds 0% or 289,487 shares in its portfolio.
Insider Transactions: Since October 21, 2016, the stock had 1 insider purchase, and 1 sale for $ net activity. Another trade for 7,500 shares valued at $110,325 was made by Blanchfield Dale on Friday, October 21. 7,500 shares were bought by SHORE BRIAN E, worth $110,325.
More news for Park Electrochemical Corp. (NYSE:PKE) were recently published by: Marketwatch.com, which released: “Plus the latest data from Realtor.com on 21 home markets across the US” 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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