Shares of Sono-Tek Corporation (NASDAQ:SOTK - Get Free Report) crossed below its two hundred day moving average during trading on Tuesday . The stock has a two hundred day moving average of $3.65 and traded as low as $3.35. Sono-Tek shares last traded at $3.31, with a volume of 11,038 shares traded.
Analyst Upgrades and Downgrades
Several equities research analysts have recently issued reports on SOTK shares. Northland Securities reissued 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 research note on Thursday, May 29th. Two analysts have rated the stock with a Hold rating, According to data from MarketBeat.com, the stock has an average rating of "Hold" and an average target price of $7.50.
Read Our Latest Stock Analysis on Sono-Tek
Sono-Tek Trading Up 1.9%
The stock has a fifty day simple moving average of $3.45 and a 200-day simple moving average of $3.65. The stock has a market cap of $57.57 million, a price-to-earnings ratio of 40.67 and a beta of -0.25.
Sono-Tek (NASDAQ:SOTK - Get Free Report) last posted its quarterly earnings results on Thursday, July 10th. The industrial products company reported $0.03 earnings per share for the quarter, topping analysts' consensus estimates of $0.02 by $0.01. Sono-Tek had a net margin of 6.93% and a return on equity of 8.10%. The firm had revenue of $5.12 million for the quarter, compared to the consensus estimate of $5.24 million. During the same quarter in the previous year, the company earned $0.02 earnings per share. Sell-side analysts forecast that Sono-Tek Corporation will post 0.07 earnings per share for the current fiscal year.
Institutional Inflows and Outflows
An institutional investor recently raised its position in Sono-Tek stock. Northern Trust Corp grew its position in Sono-Tek Corporation (NASDAQ:SOTK - Free Report) by 58.8% during the 4th quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 41,081 shares of the industrial products company's stock after purchasing an additional 15,212 shares during the period. 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 currently owned by institutional investors and hedge funds.
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.
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