Sono-Tek (NASDAQ:SOTK) Stock Price Passes Below 200 Day Moving Average of $5.17

Sono-Tek Co. (NASDAQ:SOTK)’s share price crossed below its 200-day moving average during trading on Monday . The stock has a 200-day moving average of $5.17 and traded as low as $4.06. Sono-Tek shares last traded at $4.23, with a volume of 3,100 shares traded.

Sono-Tek Price Performance

The firm has a market capitalization of $66.58 million, a P/E ratio of 60.43 and a beta of -0.26. The firm’s 50 day simple moving average is $4.95 and its two-hundred day simple moving average is $5.17.

Insiders Place Their Bets

In other Sono-Tek news, Director Joseph Riemer sold 5,335 shares of the business’s stock in a transaction on Wednesday, February 7th. The shares were sold at an average price of $5.70, for a total value of $30,409.50. Following the completion of the sale, the director now directly owns 18,662 shares of the company’s stock, valued at $106,373.40. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. In other Sono-Tek news, Director Christopher L. Coccio sold 7,080 shares of the business’s stock in a transaction dated Tuesday, February 20th. The shares were sold at an average price of $5.64, for a total value of $39,931.20. Following the transaction, the director now owns 328,999 shares in the company, valued at $1,855,554.36. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Joseph Riemer sold 5,335 shares of the business’s stock in a transaction dated Wednesday, February 7th. The shares were sold at an average price of $5.70, for a total transaction of $30,409.50. Following the completion of the transaction, the director now owns 18,662 shares in the company, valued at approximately $106,373.40. The disclosure for this sale can be found here. Insiders sold 20,526 shares of company stock valued at $116,592 over the last three months. Insiders own 6.65% of the company’s stock.

Hedge Funds Weigh In On Sono-Tek

An institutional investor recently bought a new position in Sono-Tek stock. M&T Bank Corp purchased a new stake in shares of Sono-Tek Co. (NASDAQ:SOTK) during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund purchased 89,412 shares of the industrial products company’s stock, valued at approximately $484,000. M&T Bank Corp owned 0.57% of Sono-Tek at the end of the most recent reporting period. 47.89% of the stock is currently owned by hedge funds and other institutional investors.

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.