Sono-Tek Co. (NASDAQ:SOTK - Get Free Report) shares passed below its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of $4.20 and traded as low as $3.82. Sono-Tek shares last traded at $3.96, with a volume of 5,965 shares trading hands.
Wall Street Analysts Forecast Growth
Separately, Northland Securities reaffirmed an "outperform" rating and issued a $7.50 target price (down from $10.00) on shares of Sono-Tek in a research report on Tuesday, January 14th.
Read Our Latest Stock Report on SOTK
Sono-Tek Stock Performance
The firm has a market capitalization of $61.43 million, a price-to-earnings ratio of 55.71 and a beta of -0.20. The firm's 50-day moving average price is $4.21 and its two-hundred day moving average price is $4.20.
Sono-Tek (NASDAQ:SOTK - Get Free Report) last released its quarterly earnings data on Monday, January 13th. The industrial products company reported $0.02 earnings per share for the quarter, meeting analysts' consensus estimates of $0.02. Sono-Tek had a return on equity of 6.55% and a net margin of 5.47%. As a group, equities research analysts anticipate that Sono-Tek Co. will post 0.07 EPS for the current year.
Institutional Inflows and Outflows
An institutional investor recently raised its position in Sono-Tek stock. Geode Capital Management LLC raised its holdings in Sono-Tek Co. (NASDAQ:SOTK - Free Report) by 11.5% in the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 125,355 shares of the industrial products company's stock after purchasing an additional 12,900 shares during the quarter. Geode Capital Management LLC owned approximately 0.80% of Sono-Tek worth $505,000 as of its most recent SEC filing. Institutional investors own 47.89% of the company's stock.
Sono-Tek Company Profile
(
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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