Sono-Tek Co. (NASDAQ:SOTK - Get Free Report)'s share price passed below its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of $3.95 and traded as low as $3.69. Sono-Tek shares last traded at $3.75, with a volume of 19,944 shares changing hands.
Analyst Ratings Changes
A number of equities analysts recently commented on the company. Northland Capmk downgraded Sono-Tek from a "strong-buy" rating to a "hold" rating in a research note on Thursday, May 29th. Northland Securities reiterated a "market perform" rating on shares of Sono-Tek in a research report on Thursday, May 29th.
View Our Latest Stock Analysis on Sono-Tek
Sono-Tek Stock Up 0.5%
The company has a market capitalization of $59.29 million, a P/E ratio of 53.86 and a beta of -0.05. The business has a 50 day simple moving average of $3.80 and a 200-day simple moving average of $3.95.
Sono-Tek (NASDAQ:SOTK - Get Free Report) last posted its earnings results on Wednesday, May 28th. The industrial products company reported $0.08 EPS for the quarter, topping the consensus estimate of $0.01 by $0.07. The firm had revenue of $5.12 million during the quarter, compared to analysts' expectations of $5.12 million. Sono-Tek had a net margin of 5.47% and a return on equity of 6.55%. During the same quarter in the prior year, the firm earned $0.01 EPS. Equities analysts forecast that Sono-Tek Co. will post 0.07 EPS for the current fiscal year.
Institutional Investors Weigh In On Sono-Tek
Institutional investors have recently bought and sold shares of the stock. Signature Estate & Investment Advisors LLC bought a new stake in shares of Sono-Tek during the 4th quarter worth about $3,101,000. Northern Trust Corp boosted its position 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 valued at $165,000 after purchasing an additional 15,212 shares in the last quarter. Finally, Bard Associates Inc. lifted its stake in Sono-Tek by 5.6% during the fourth quarter. Bard Associates Inc. now owns 56,431 shares of the industrial products company's stock valued at $226,000 after purchasing an additional 3,006 shares during the last quarter. 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 Stories
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 Hold rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Need to stretch out your 401K or Roth IRA plan? Use these time-tested investing strategies to grow the monthly retirement income that your stock portfolio generates.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
