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.
Featured Articles
Before you consider Sono-Tek, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Sono-Tek wasn't on the list.
While Sono-Tek currently has a Buy rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Enter your email address and we'll send you MarketBeat's list of seven best retirement stocks and why they should be in your portfolio.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
