Sono-Tek Co. (NASDAQ:SOTK - Get Free Report) shares crossed below its two hundred day moving average during trading on Tuesday . The stock has a two hundred day moving average of $4.12 and traded as low as $3.54. Sono-Tek shares last traded at $3.66, with a volume of 4,693 shares traded.
Wall Street Analysts Forecast Growth
Separately, Northland Securities reaffirmed an "outperform" rating and issued a $7.50 price objective (down previously from $10.00) on shares of Sono-Tek in a research note on Tuesday, January 14th.
Check Out Our Latest Analysis on Sono-Tek
Sono-Tek Stock Down 0.6 %
The firm has a market cap of $55.92 million, a PE ratio of 50.71 and a beta of -0.24. The firm's fifty day simple moving average is $3.76 and its two-hundred day simple moving average is $4.11.
Sono-Tek (NASDAQ:SOTK - Get Free Report) last released its earnings results 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 net margin of 5.47% and a return on equity of 6.55%. As a group, analysts anticipate that Sono-Tek Co. will post 0.07 earnings per share for the current fiscal year.
Hedge Funds Weigh In On Sono-Tek
A number of hedge funds have recently made changes to their positions in SOTK. Northern Trust Corp lifted its holdings in 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 purchasing an additional 15,212 shares in the last quarter. Bard Associates Inc. raised its position in shares of Sono-Tek by 5.6% during the fourth quarter. Bard Associates Inc. now owns 56,431 shares of the industrial products company's stock valued at $226,000 after buying an additional 3,006 shares during the last quarter. Geode Capital Management LLC lifted its holdings in shares of 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 buying an additional 12,900 shares in the last quarter. Finally, Signature Estate & Investment Advisors LLC purchased a new position in shares of Sono-Tek in the fourth quarter worth $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.
Featured Articles
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.