Sono-Tek (NASDAQ:SOTK) Stock Price Crosses Below 200-Day Moving Average of $6.00

Shares of Sono-Tek Co. (NASDAQ:SOTKGet Rating) passed below its 200-day moving average during trading on Monday . The stock has a 200-day moving average of $6.00 and traded as low as $5.47. Sono-Tek shares last traded at $5.56, with a volume of 22 shares trading hands.

Analyst Upgrades and Downgrades

Separately, TheStreet downgraded Sono-Tek from a “b” rating to a “c+” rating in a research report on Tuesday, July 19th.

Sono-Tek Price Performance

The business has a 50-day moving average of $6.13 and a two-hundred day moving average of $6.00. The company has a market cap of $87.45 million, a P/E ratio of 55.61 and a beta of 0.02.

Sono-Tek (NASDAQ:SOTKGet Rating) last issued its quarterly earnings data on Friday, July 15th. The industrial products company reported $0.02 earnings per share for the quarter. Sono-Tek had a return on equity of 11.83% and a net margin of 9.02%. The company had revenue of $4.05 million for the quarter.

Institutional Investors Weigh In On Sono-Tek

Institutional investors have recently added to or reduced their stakes in the business. Dimensional Fund Advisors LP acquired a new stake in shares of Sono-Tek during the first quarter worth about $69,000. O Shaughnessy Asset Management LLC acquired a new stake in shares of Sono-Tek during the fourth quarter worth about $78,000. Coombe Bender & Co LLC acquired a new stake in shares of Sono-Tek during the second quarter worth about $102,000. Focused Wealth Management Inc lifted its holdings in shares of Sono-Tek by 12.0% during the first quarter. Focused Wealth Management Inc now owns 16,790 shares of the industrial products company’s stock worth $113,000 after purchasing an additional 1,798 shares during the period. Finally, Acadian Asset Management LLC acquired a new stake in shares of Sono-Tek during the fourth quarter worth about $134,000. Institutional investors and hedge funds own 3.73% of the company’s stock.

Sono-Tek Company Profile

(Get Rating)

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. It also designs and manufactures custom-engineered ultrasonic coating systems; and provides nozzles and generators for manufacturers' equipment.

Further Reading

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