Sono-Tek Co. (NASDAQ:SOTK - Get Free Report)'s share price crossed below its 200-day moving average during trading on Monday . The stock has a 200-day moving average of $4.05 and traded as low as $3.92. Sono-Tek shares last traded at $3.92, with a volume of 2,884 shares.
Analysts Set New Price Targets
Separately, Northland Securities restated an "outperform" rating and set a $7.50 target price (down previously from $10.00) on shares of Sono-Tek in a report on Tuesday, January 14th.
Check Out Our Latest Stock Analysis on Sono-Tek
Sono-Tek Stock Down 1.0%
The firm has a fifty day moving average of $3.72 and a 200-day moving average of $4.03. The firm has a market cap of $62.06 million, a P/E ratio of 56.29 and a beta of -0.02.
Hedge Funds Weigh In On Sono-Tek
Several institutional investors have recently modified their holdings of the business. Northern Trust Corp lifted its holdings in shares of Sono-Tek by 58.8% during the 4th quarter. Northern Trust Corp now owns 41,081 shares of the industrial products company's stock valued at $165,000 after purchasing an additional 15,212 shares in the last quarter. Signature Estate & Investment Advisors LLC acquired a new stake in Sono-Tek in the 4th quarter valued at approximately $3,101,000. Bard Associates Inc. raised its position in Sono-Tek by 5.6% in the 4th 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. Finally, Geode Capital Management LLC raised its position in Sono-Tek by 11.5% in the 3rd quarter. Geode Capital Management LLC now owns 125,355 shares of the industrial products company's stock valued at $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
(
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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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