Sono-Tek Co. (NASDAQ:SOTK - Get Free Report) shares passed below its two hundred day moving average during trading on Wednesday . The stock has a two hundred day moving average of $4.18 and traded as low as $3.60. Sono-Tek shares last traded at $3.69, with a volume of 6,285 shares.
Analysts Set New Price Targets
Separately, Northland Securities reaffirmed an "outperform" rating and set a $7.50 price objective (down from $10.00) on shares of Sono-Tek in a report on Tuesday, January 14th.
Read Our Latest Research Report on Sono-Tek
Sono-Tek Stock Performance
The company has a fifty day moving average of $3.89 and a two-hundred day moving average of $4.18. The company has a market cap of $58.12 million, a PE ratio of 52.71 and a beta of -0.24.
Sono-Tek (NASDAQ:SOTK - Get Free Report) last released its quarterly earnings results 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, equities analysts forecast that Sono-Tek Co. will post 0.07 EPS for the current year.
Institutional Trading of Sono-Tek
A number of hedge funds and other institutional investors have recently bought and sold shares of SOTK. Bard Associates Inc. increased its stake in Sono-Tek by 29.7% in the third quarter. Bard Associates Inc. now owns 53,425 shares of the industrial products company's stock worth $215,000 after purchasing an additional 12,220 shares during the period. Geode Capital Management LLC increased its stake in Sono-Tek by 11.5% in the third 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 during the period. Signature Estate & Investment Advisors LLC purchased a new stake in Sono-Tek in the fourth quarter worth $3,101,000. Finally, Northern Trust Corp increased its stake in Sono-Tek by 58.8% in the fourth quarter. Northern Trust Corp now owns 41,081 shares of the industrial products company's stock worth $165,000 after purchasing an additional 15,212 shares during the period. Hedge funds and other 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.
Featured Articles
This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.
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
Wondering when you'll finally be able to invest in SpaceX, Starlink, or X.AI? Enter your email address to learn when Elon Musk will let these companies finally IPO.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
