Sono-Tek Co. (NASDAQ:SOTK - Get Free Report) shares passed below its two hundred day moving average during trading on Monday . The stock has a two hundred day moving average of $4.15 and traded as low as $3.68. Sono-Tek shares last traded at $3.68, with a volume of 10,683 shares.
Wall Street Analyst Weigh In
Separately, Northland Securities reissued an "outperform" rating and issued a $7.50 price target (down from $10.00) on shares of Sono-Tek in a report on Tuesday, January 14th.
Read Our Latest Report on Sono-Tek
Sono-Tek Stock Performance
The firm has a market capitalization of $56.07 million, a PE ratio of 50.86 and a beta of -0.24. The company's 50 day simple moving average is $3.80 and its 200-day simple moving average is $4.14.
Sono-Tek (NASDAQ:SOTK - Get Free Report) last released its quarterly 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 net margin of 5.47% and a return on equity of 6.55%. On average, equities research analysts forecast that Sono-Tek Co. will post 0.07 earnings per share for the current fiscal year.
Institutional Investors Weigh In On Sono-Tek
Several hedge funds have recently added to or reduced their stakes in the company. Bard Associates Inc. lifted its position in 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 buying an additional 3,006 shares during the last quarter. Geode Capital Management LLC raised its stake 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 acquiring an additional 12,900 shares in the last quarter. Northern Trust Corp lifted its holdings in shares of Sono-Tek by 58.8% in the 4th quarter. Northern Trust Corp now owns 41,081 shares of the industrial products company's stock worth $165,000 after acquiring an additional 15,212 shares during the last quarter. Finally, Signature Estate & Investment Advisors LLC bought a new stake in shares of Sono-Tek in the 4th quarter worth approximately $3,101,000. Institutional investors own 47.89% of the company's stock.
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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