Sono-Tek (NASDAQ:SOTK) Director Christopher Coccio Sells 4,312 Shares

Key Points

• Director Sale Reported: Sono-Tek Corporation Director Christopher Coccio sold 4,312 shares at an average price of $4.66, resulting in a transaction valued at $20,093.92.
• Earnings Beat Estimates: The company reported $0.03 earnings per share for the quarter, exceeding the consensus estimate of $0.02.
• Analyst Ratings: Zacks Research upgraded Sono-Tek from "hold" to "strong-buy," while current analyst ratings show a mix of one Strong Buy, two holds, and one Sell, with a consensus target price of $7.50.

Sono-Tek Corporation (NASDAQ:SOTK - Get Free Report) Director Christopher Coccio sold 4,312 shares of the firm's stock in a transaction that occurred on Tuesday, October 21st. The shares were sold at an average price of $4.66, for a total value of $20,093.92. Following the completion of the transaction, the director directly owned 321,767 shares of the company's stock, valued at $1,499,434.22. The trade was a 1.32% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link.

Sono-Tek Price Performance

SOTK traded up $0.01 during trading on Thursday, reaching $4.59. 37,029 shares of the stock were exchanged, compared to its average volume of 36,572. The company has a market capitalization of $72.11 million, a price-to-earnings ratio of 45.90 and a beta of -0.21. Sono-Tek Corporation has a 1 year low of $3.23 and a 1 year high of $6.05. The business's 50 day moving average price is $3.97 and its two-hundred day moving average price is $3.78.

Sono-Tek (NASDAQ:SOTK - Get Free Report) last released its quarterly earnings results on Tuesday, October 14th. The industrial products company reported $0.03 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.02 by $0.01. Sono-Tek had a return on equity of 8.38% and a net margin of 7.33%.The business had revenue of $5.16 million during the quarter, compared to the consensus estimate of $5.25 million. During the same quarter in the previous year, the company posted $0.02 EPS. On average, analysts anticipate that Sono-Tek Corporation will post 0.07 EPS for the current year.

Analyst Ratings Changes

SOTK has been the topic of several recent research reports. Zacks Research raised shares of Sono-Tek from a "hold" rating to a "strong-buy" rating in a report on Tuesday, October 14th. Weiss Ratings restated a "sell (d+)" rating on shares of Sono-Tek in a research report on Wednesday, October 8th. One research analyst has rated the stock with a Strong Buy rating, two have assigned a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat, the stock presently has an average rating of "Hold" and a consensus target price of $7.50.

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.

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