Park Electrochemical Corp. Buyback
OLI recorded this information on 3/10/2016
Park Electrochemical Corp.
Share Amount Authorized:
Park Electrochemical Corp's Board of Directors has authorized the Company's purchase, on the open market and in privately negotiated transactions, of up to 1,000,000 additional shares of its Common Stock. This authorization is in addition to the unused January 8, 2015 Board of Directors' authorization to purchase shares of the Company's Common Stock. As a result, the Company is now authorized to purchase up to a total of 1,531,412 shares of its Common Stock, representing approximately 7.6% of the Company's 20,236,471 total outstanding shares as of the close of business on March 9, 2016.
Park Aerospace is an aerospace company which develops and manufactures solution and hot-melt advanced composite materials used to produce composite structures for the aerospace markets. Co.'s advanced composite materials include film adhesives (undergoing qualification) and lightning strike materials. Co. provides an array of composite materials specifically designed for hand lay-up or automated fiber placement manufacturing applications. Co.'s advanced composite materials are used to produce primary and secondary structures for jet engines, large and regional transport aircraft, military aircraft, Unmanned Aerial Vehicles, business jets, general aviation aircraft and rotary wing aircraft.
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Buy (3.00 out of 4)
(ranked higher than approx. 100% of all stocks covered)
Based on Zacks ABR data;
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