Sono-Tek (NASDAQ:SOTK) Share Price Crosses Below 200 Day Moving Average - Should You Sell?

Key Points

• Sono-Tek Corporation's stock has recently dropped below its 200-day moving average of $3.75, trading as low as $3.29, indicating potential challenges in its price performance.
• Analysts have revised their ratings, with Northland Capital Markets downgrading Sono-Tek from a "strong-buy" to a "hold" as of late May.
• The company reported a quarterly earnings per share of $0.03, slightly beating expectations, but generated revenue below analysts' consensus estimates.

Sono-Tek Corporation (NASDAQ:SOTK - Get Free Report)'s stock price passed below its 200-day moving average during trading on Friday . The stock has a 200-day moving average of $3.75 and traded as low as $3.29. Sono-Tek shares last traded at $3.33, with a volume of 4,802 shares trading hands.

Analyst Ratings Changes

A number of analysts have recently commented on the company. Northland Securities restated a "market perform" rating on shares of Sono-Tek in a research report on Thursday, May 29th. Northland Capmk lowered shares of Sono-Tek from a "strong-buy" rating to a "hold" rating in a report on Thursday, May 29th.

Sono-Tek Price Performance

The stock's fifty day moving average price is $3.66 and its 200-day moving average price is $3.75. The firm has a market cap of $52.30 million, a PE ratio of 36.95 and a beta of -0.12.

Sono-Tek (NASDAQ:SOTK - Get Free Report) last posted its earnings results on Thursday, July 10th. The industrial products company reported $0.03 EPS for the quarter, beating analysts' consensus estimates of $0.02 by $0.01. Sono-Tek had a return on equity of 8.10% and a net margin of 6.93%. The company had revenue of $5,121 billion for the quarter, compared to the consensus estimate of $5.24 million. During the same quarter in the previous year, the business earned $0.02 earnings per share. On average, sell-side analysts anticipate that Sono-Tek Corporation will post 0.07 earnings per share for the current fiscal year.

Institutional Trading of Sono-Tek

A hedge fund recently raised its stake in Sono-Tek stock. Northern Trust Corp raised its position in Sono-Tek Corporation (NASDAQ:SOTK - Free Report) by 58.8% during the 4th quarter, according to its most recent filing with the SEC. The firm owned 41,081 shares of the industrial products company's stock after buying an additional 15,212 shares during the quarter. Northern Trust Corp owned about 0.26% of Sono-Tek worth $165,000 as of its most recent filing with the SEC. 47.89% of the stock is owned by institutional investors and hedge funds.

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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