Favorable News Coverage Somewhat Unlikely to Impact Park Electrochemical Corporation (PKE) Share Price
News stories about Park Electrochemical Corporation (NYSE:PKE) have been trending positive on Tuesday, according to Accern. The research firm identifies positive and negative news coverage by reviewing more than 20 million news and blog sources. Accern ranks coverage of companies on a scale of negative one to one, with scores nearest to one being the most favorable. Park Electrochemical Corporation earned a daily sentiment score of 0.26 on Accern’s scale. Accern also assigned media coverage about the semiconductor company an impact score of 45.5842901195563 out of 100, indicating that recent news coverage is somewhat unlikely to have an impact on the stock’s share price in the next several days.
PKE has been the topic of several research reports. Zacks Investment Research upgraded shares of Park Electrochemical Corporation from a “sell” rating to a “hold” rating in a research note on Friday, June 2nd. BidaskClub lowered shares of Park Electrochemical Corporation from a “buy” rating to a “hold” rating in a research note on Thursday, July 6th. Finally, Needham & Company LLC reiterated a “buy” rating and issued a $22.00 price objective on shares of Park Electrochemical Corporation in a research note on Friday, September 1st.
Park Electrochemical Corporation (NYSE PKE) remained flat at $18.09 on Tuesday. 26,999 shares of the company were exchanged. Park Electrochemical Corporation has a 52 week low of $13.76 and a 52 week high of $20.24. The company has a market capitalization of $366.03 million, a price-to-earnings ratio of 47.61 and a beta of 0.85. The firm’s 50-day moving average is $18.11 and its 200 day moving average is $17.90.
Park Electrochemical Corporation (NYSE:PKE) last announced its quarterly earnings results on Wednesday, June 28th. The semiconductor company reported $0.12 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.13 by ($0.01). Park Electrochemical Corporation had a net margin of 6.99% and a return on equity of 4.92%. The company had revenue of $27.42 million during the quarter, compared to the consensus estimate of $29.00 million. During the same period in the previous year, the firm posted $0.15 EPS. Analysts anticipate that Park Electrochemical Corporation will post $0.64 EPS for the current fiscal year.
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Park Electrochemical Corporation Company Profile
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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