Shares of Sono-Tek Co. (NASDAQ:SOTK - Get Free Report) passed below its two hundred day moving average during trading on Wednesday . The stock has a two hundred 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.
Wall Street Analysts Forecast Growth
A number of brokerages recently weighed in on SOTK. Northland Securities reissued a "market perform" rating on shares of Sono-Tek in a research note on Thursday, May 29th. Northland Capmk downgraded Sono-Tek from a "strong-buy" rating to a "hold" rating in a research note on Thursday, May 29th.
Read Our Latest Research Report on Sono-Tek
Sono-Tek Trading Down 2.1%
The stock has a market cap of $58.04 million, a price-to-earnings ratio of 52.71 and a beta of -0.05. The stock has a fifty day simple moving average of $3.81 and a 200-day simple moving average of $3.92.
Sono-Tek (NASDAQ:SOTK - Get Free Report) last released its earnings results on Wednesday, May 28th. The industrial products company reported $0.08 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.01 by $0.07. The firm had revenue of $5.12 million for the quarter, compared to analyst estimates of $5.12 million. Sono-Tek had a return on equity of 6.55% and a net margin of 5.47%. During the same quarter last year, the firm posted $0.01 EPS. Sell-side analysts forecast that Sono-Tek Co. will post 0.07 earnings per share for the current fiscal year.
Institutional Trading of Sono-Tek
Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Signature Estate & Investment Advisors LLC bought a new stake in shares of Sono-Tek during the fourth quarter valued at approximately $3,101,000. Northern Trust Corp increased its position in shares of Sono-Tek by 58.8% during 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 during the period. Finally, Bard Associates Inc. increased its position in shares of 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 period. Institutional investors and hedge funds own 47.89% of the company's stock.
About Sono-Tek
(
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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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