Shares of Sono-Tek Co. (NASDAQ:SOTK - Get Free Report) passed below its 200-day moving average during trading on Monday . The stock has a 200-day moving average of $4.20 and traded as low as $3.60. Sono-Tek shares last traded at $3.68, with a volume of 19,086 shares.
Analysts Set New Price Targets
Separately, Northland Securities reiterated an "outperform" rating and set a $7.50 price objective (down previously from $10.00) on shares of Sono-Tek in a report on Tuesday, January 14th.
View Our Latest Stock Report on Sono-Tek
Sono-Tek Stock Up 0.3 %
The firm has a market cap of $58.28 million, a PE ratio of 52.86 and a beta of -0.20. The stock has a 50 day moving average price of $3.97 and a two-hundred day moving average price of $4.20.
Sono-Tek (NASDAQ:SOTK - Get Free Report) last released its earnings results on Monday, January 13th. The industrial products company reported $0.02 earnings per share for the quarter, hitting the consensus estimate of $0.02. Sono-Tek had a net margin of 5.47% and a return on equity of 6.55%. As a group, equities analysts anticipate that Sono-Tek Co. will post 0.07 earnings per share for the current year.
Hedge Funds Weigh In On Sono-Tek
Several hedge funds have recently made changes to their positions in the company. Bard Associates Inc. grew its stake in Sono-Tek by 5.6% during the 4th quarter. Bard Associates Inc. now owns 56,431 shares of the industrial products company's stock valued at $226,000 after purchasing an additional 3,006 shares during the last quarter. Geode Capital Management LLC lifted its holdings in shares of Sono-Tek by 11.5% during the third quarter. Geode Capital Management LLC now owns 125,355 shares of the industrial products company's stock worth $505,000 after purchasing an additional 12,900 shares during the period. Northern Trust Corp boosted its position in Sono-Tek by 58.8% in the fourth quarter. Northern Trust Corp now owns 41,081 shares of the industrial products company's stock valued at $165,000 after buying an additional 15,212 shares during the last quarter. Finally, Signature Estate & Investment Advisors LLC purchased a new stake in Sono-Tek in the fourth quarter valued at approximately $3,101,000. 47.89% of the stock is owned by institutional investors and hedge funds.
About Sono-Tek
(
Get 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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