Sono-Tek Co. (NASDAQ:SOTK - Get Free Report)'s stock price crossed below its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of $4.21 and traded as low as $3.81. Sono-Tek shares last traded at $3.87, with a volume of 28,864 shares.
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 report on Tuesday, January 14th.
Read Our Latest Analysis on SOTK
Sono-Tek Stock Performance
The firm has a fifty day moving average price of $4.35 and a 200-day moving average price of $4.21. The company has a market capitalization of $61.98 million, a price-to-earnings ratio of 56.21 and a beta of -0.20.
Sono-Tek (NASDAQ:SOTK - Get Free Report) last posted its quarterly earnings results on Monday, January 13th. The industrial products company reported $0.02 earnings per share (EPS) 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%. On average, sell-side analysts forecast that Sono-Tek Co. will post 0.07 EPS for the current fiscal year.
Institutional Investors Weigh In On Sono-Tek
A hedge fund recently raised its stake in Sono-Tek stock. Bard Associates Inc. increased its holdings in shares of Sono-Tek Co. (NASDAQ:SOTK - Free Report) by 29.7% during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 53,425 shares of the industrial products company's stock after buying an additional 12,220 shares during the period. Bard Associates Inc. owned about 0.34% of Sono-Tek worth $215,000 at the end of the most recent quarter. 47.89% of the stock is currently owned by institutional investors.
About Sono-Tek
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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.
Further Reading
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