Sono-Tek Co. (NASDAQ:SOTK - Get Free Report) passed below its two hundred day moving average during trading on Thursday . The stock has a two hundred day moving average of $4.08 and traded as low as $3.56. Sono-Tek shares last traded at $3.69, with a volume of 5,872 shares changing hands.
Analysts Set New Price Targets
Separately, Northland Securities reaffirmed an "outperform" rating and issued a $7.50 price target (down previously from $10.00) on shares of Sono-Tek in a report on Tuesday, January 14th.
Check Out Our Latest Analysis on SOTK
Sono-Tek Trading Up 4.1 %
The stock has a market cap of $60.48 million, a P/E ratio of 54.86 and a beta of -0.10. The company has a 50-day moving average price of $3.67 and a two-hundred day moving average price of $4.07.
Institutional Investors Weigh In On Sono-Tek
Several hedge funds and other institutional investors have recently made changes to their positions in SOTK. Signature Estate & Investment Advisors LLC bought a new position in Sono-Tek during the 4th quarter valued at about $3,101,000. Geode Capital Management LLC grew its stake in shares of Sono-Tek by 11.5% during the third 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. Bard Associates Inc. raised its holdings in shares of 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 period. Finally, Northern Trust Corp lifted its stake 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 worth $165,000 after acquiring an additional 15,212 shares during the last quarter. Hedge funds and other institutional investors own 47.89% of the company's stock.
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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