Signature Estate & Investment Advisors LLC bought a new position in Sono-Tek Co. (NASDAQ:SOTK - Free Report) in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm bought 773,386 shares of the industrial products company's stock, valued at approximately $3,101,000. Signature Estate & Investment Advisors LLC owned 4.91% of Sono-Tek as of its most recent filing with the Securities and Exchange Commission.
Separately, Geode Capital Management LLC lifted its stake in Sono-Tek by 11.5% in the 3rd quarter. Geode Capital Management LLC now owns 125,355 shares of the industrial products company's stock valued at $505,000 after buying an additional 12,900 shares in the last quarter. 47.89% of the stock is owned by institutional investors and hedge funds.
Sono-Tek Price Performance
NASDAQ SOTK traded down $0.07 on Friday, reaching $3.56. The company had a trading volume of 4,150 shares, compared to its average volume of 11,729. Sono-Tek Co. has a 1 year low of $3.50 and a 1 year high of $6.05. The firm has a market capitalization of $56.07 million, a PE ratio of 50.86 and a beta of -0.24. The firm has a 50-day moving average of $3.79 and a 200-day moving average of $4.13.
Sono-Tek (NASDAQ:SOTK - Get Free Report) last announced its quarterly earnings data on Monday, January 13th. The industrial products company reported $0.02 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.02. Sono-Tek had a return on equity of 6.55% and a net margin of 5.47%. As a group, sell-side analysts expect that Sono-Tek Co. will post 0.07 EPS for the current fiscal year.
Wall Street Analyst Weigh In
Separately, Northland Securities reaffirmed an "outperform" rating and issued a $7.50 price objective (down previously from $10.00) on shares of Sono-Tek in a research report on Tuesday, January 14th.
Check Out Our Latest Report on Sono-Tek
About Sono-Tek
(
Free Report)
Sono-Tek Corporation designs and manufactures ultrasonic coating systems for applying on parts and components for the microelectronics/electronics, alternative energy, medical, industrial, and research and development/other markets worldwide. The company also designs and manufactures custom-engineered ultrasonic coating systems; and provides nozzles and generators for manufacturers' equipment.
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