Sono-Tek (NASDAQ:SOTK) Shares Cross Below 200 Day Moving Average - Should You Sell?

Sono-Tek Corporation (NASDAQ:SOTK - Get Free Report) shares passed below its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of $3.78 and traded as low as $3.51. Sono-Tek shares last traded at $3.52, with a volume of 7,839 shares.

Analyst Upgrades and Downgrades

Several research firms have commented on SOTK. Northland Capmk downgraded Sono-Tek from a "strong-buy" rating to a "hold" rating in a report on Thursday, May 29th. Northland Securities restated a "market perform" rating on shares of Sono-Tek in a report on Thursday, May 29th.

Sono-Tek Stock Performance

The firm has a fifty day simple moving average of $3.71 and a 200 day simple moving average of $3.77. The company has a market capitalization of $52.77 million, a PE ratio of 37.28 and a beta of -0.06.

Sono-Tek (NASDAQ:SOTK - Get Free Report) last released its quarterly earnings data on Thursday, July 10th. The industrial products company reported $0.03 EPS for the quarter, topping the consensus estimate of $0.02 by $0.01. Sono-Tek had a return on equity of 8.10% and a net margin of 6.93%. The company had revenue of $5,121 billion for the quarter, compared to the consensus estimate of $5.24 million. During the same period last year, the business posted $0.02 EPS. Research analysts expect that Sono-Tek Corporation will post 0.07 EPS 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 stake in Sono-Tek Corporation (NASDAQ:SOTK - Free Report) by 58.8% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 41,081 shares of the industrial products company's stock after acquiring 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 quarter. 47.89% of the stock is currently owned by institutional investors and hedge funds.

Sono-Tek Company Profile

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.