Sono-Tek (NASDAQ:SOTK) Stock Crosses Below Two Hundred Day Moving Average - Time to Sell?

Sono-Tek Co. (NASDAQ:SOTK - Get Free Report) shares passed below its 200-day moving average during trading on Friday . The stock has a 200-day moving average of $4.19 and traded as low as $3.77. Sono-Tek shares last traded at $3.93, with a volume of 9,444 shares trading hands.

Analyst Upgrades and Downgrades

Separately, Northland Securities reaffirmed an "outperform" rating and set a $7.50 price target (down previously from $10.00) on shares of Sono-Tek in a report on Tuesday, January 14th.

Sono-Tek Price Performance

The stock has a fifty day moving average price of $4.10 and a two-hundred day moving average price of $4.20. The company has a market cap of $61.58 million, a P/E ratio of 55.86 and a beta of -0.20.

Sono-Tek (NASDAQ:SOTK - Get Free Report) last announced its earnings results on Monday, January 13th. The industrial products company reported $0.02 EPS for the quarter, hitting the consensus estimate of $0.02. Sono-Tek had a return on equity of 6.55% and a net margin of 5.47%. As a group, analysts forecast that Sono-Tek Co. will post 0.07 earnings per share for the current year.

Institutional Investors Weigh In On Sono-Tek

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Northern Trust Corp grew its position 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 buying an additional 15,212 shares during the last quarter. Signature Estate & Investment Advisors LLC acquired a new position in Sono-Tek in the fourth quarter worth approximately $3,101,000. Bard Associates Inc. grew its position in Sono-Tek by 5.6% in the fourth 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. Finally, Geode Capital Management LLC grew its position 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 buying an additional 12,900 shares during the last quarter. Institutional investors own 47.89% of the company's stock.

Sono-Tek Company Profile

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.