Sono-Tek Corporation (NASDAQ:SOTK - Get Free Report) crossed below its 200-day moving average during trading on Monday . The stock has a 200-day moving average of $3.67 and traded as low as $3.30. Sono-Tek shares last traded at $3.31, with a volume of 3,450 shares changing hands.
Wall Street Analysts Forecast Growth
Several equities analysts have weighed in on the company. Northland Capmk downgraded Sono-Tek from a "strong-buy" rating to a "hold" rating in a research report on Thursday, May 29th. Northland Securities reaffirmed a "market perform" rating on shares of Sono-Tek in a research report on Thursday, May 29th. Two analysts have rated the stock with a Hold rating, According to data from MarketBeat.com, the company has an average rating of "Hold" and a consensus target price of $7.50.
Check Out Our Latest Research Report on SOTK
Sono-Tek Trading Up 1.0%
The firm has a 50 day moving average price of $3.47 and a 200-day moving average price of $3.66. The firm has a market cap of $53.25 million, a PE ratio of 37.62 and a beta of -0.25.
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 the consensus estimate of $0.02 by $0.01. The firm had revenue of $5.12 million for the quarter, compared to analyst estimates of $5.24 million. Sono-Tek had a return on equity of 8.10% and a net margin of 6.93%.During the same quarter in the prior year, the company posted $0.02 earnings per share. Equities analysts forecast 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 lifted its stake in shares of Sono-Tek Corporation (NASDAQ:SOTK - Free Report) by 58.8% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund 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 at the end of the most recent reporting period. 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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