Shares of Sono-Tek Co. (NASDAQ:SOTK - Get Free Report) passed below its 200-day moving average during trading on Friday . The stock has a 200-day moving average of $4.06 and traded as low as $3.80. Sono-Tek shares last traded at $3.94, with a volume of 1,807 shares.
Analyst Ratings Changes
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 research note on Tuesday, January 14th.
Check Out Our Latest Analysis on Sono-Tek
Sono-Tek Stock Performance
The stock has a fifty day simple moving average of $3.68 and a 200-day simple moving average of $4.06. The stock has a market cap of $65.76 million, a P/E ratio of 59.64 and a beta of -0.10.
Institutional Investors Weigh In On Sono-Tek
A number of hedge funds and other institutional investors have recently bought and sold shares of SOTK. Bard Associates Inc. grew its stake in shares of Sono-Tek by 5.6% during the 4th quarter. Bard Associates Inc. now owns 56,431 shares of the industrial products company's stock worth $226,000 after acquiring an additional 3,006 shares in the last quarter. Geode Capital Management LLC boosted its holdings in 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 worth $505,000 after purchasing an additional 12,900 shares during the last quarter. Northern Trust Corp grew its position in Sono-Tek by 58.8% in the fourth 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. Finally, Signature Estate & Investment Advisors LLC acquired a new stake in Sono-Tek in the 4th quarter valued at $3,101,000. Institutional investors and hedge funds own 47.89% of the company's stock.
Sono-Tek Company Profile
(
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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