Shares of Sono-Tek Co. (NASDAQ:SOTK - Get Free Report) crossed below its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of $4.09 and traded as low as $3.51. Sono-Tek shares last traded at $3.52, with a volume of 4,343 shares traded.
Analysts Set New Price Targets
Separately, Northland Securities restated 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.
View Our Latest Research Report on SOTK
Sono-Tek Stock Performance
The company has a market capitalization of $56.23 million, a price-to-earnings ratio of 51.00 and a beta of -0.10. The stock's 50-day moving average price is $3.69 and its 200-day moving average price is $4.08.
Sono-Tek (NASDAQ:SOTK - Get Free Report) last posted its earnings results on Monday, January 13th. The industrial products company reported $0.02 EPS for the quarter, hitting analysts' consensus estimates of $0.02. Sono-Tek had a return on equity of 6.55% and a net margin of 5.47%. Analysts anticipate that Sono-Tek Co. will post 0.07 earnings per share for the current year.
Institutional Investors Weigh In On Sono-Tek
A number of large investors have recently added to or reduced their stakes in the business. Bard Associates Inc. grew its position in shares of Sono-Tek by 5.6% in the fourth 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 grew its holdings in 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 valued at $505,000 after buying an additional 12,900 shares during the last quarter. Northern Trust Corp increased its position in Sono-Tek by 58.8% during the fourth quarter. Northern Trust Corp now owns 41,081 shares of the industrial products company's stock worth $165,000 after buying an additional 15,212 shares in the last quarter. Finally, Signature Estate & Investment Advisors LLC acquired a new position in shares of Sono-Tek in the fourth quarter worth $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.
See Also
Before you consider Sono-Tek, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Sono-Tek wasn't on the list.
While Sono-Tek currently has a Buy rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Looking for the next FAANG stock before everyone has heard about it? Enter your email address to see which stocks MarketBeat analysts think might become the next trillion dollar tech company.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
