Sono-Tek Co. (NASDAQ:SOTK - Get Free Report)'s stock price passed below its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of $4.08 and traded as low as $3.56. Sono-Tek shares last traded at $3.69, with a volume of 5,872 shares changing hands.
Wall Street Analyst Weigh In
Separately, Northland Securities reissued an "outperform" rating and set a $7.50 target price (down previously from $10.00) on shares of Sono-Tek in a research report on Tuesday, January 14th.
Read Our Latest Stock Analysis on Sono-Tek
Sono-Tek Stock Performance
The stock has a market cap of $58.12 million, a P/E ratio of 52.71 and a beta of -0.10. The firm has a 50 day moving average of $3.68 and a two-hundred day moving average of $4.08.
Sono-Tek (NASDAQ:SOTK - Get Free Report) last posted its quarterly earnings data on Monday, January 13th. The industrial products company reported $0.02 earnings per share 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%. On average, sell-side analysts anticipate that Sono-Tek Co. will post 0.07 EPS for the current fiscal year.
Institutional Trading of Sono-Tek
A number of hedge funds have recently bought and sold shares of SOTK. Northern Trust Corp raised its position in shares of Sono-Tek by 58.8% during 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. Bard Associates Inc. lifted its position in shares of Sono-Tek by 5.6% in the 4th quarter. Bard Associates Inc. now owns 56,431 shares of the industrial products company's stock worth $226,000 after acquiring an additional 3,006 shares during the period. Geode Capital Management LLC grew its holdings in shares of Sono-Tek by 11.5% during the 3rd 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 in the last quarter. Finally, Signature Estate & Investment Advisors LLC bought a new stake in shares of Sono-Tek during the fourth quarter valued at approximately $3,101,000. 47.89% of the stock is owned by institutional investors.
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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