Sono-Tek (NASDAQ:SOTK) Share Price Crosses Below Two Hundred Day Moving Average of $4.96

Sono-Tek Co. (NASDAQ:SOTK)’s share price passed below its two hundred day moving average during trading on Friday . The stock has a two hundred day moving average of $4.96 and traded as low as $3.83. Sono-Tek shares last traded at $3.87, with a volume of 43,121 shares changing hands.

Sono-Tek Stock Down 4.2 %

The company has a market capitalization of $60.96 million, a P/E ratio of 48.38 and a beta of -0.23. The business has a fifty day moving average price of $4.45 and a 200 day moving average price of $4.96.

Sono-Tek (NASDAQ:SOTK) last released its earnings results on Thursday, May 23rd. The industrial products company reported $0.01 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.01. Sono-Tek had a return on equity of 9.24% and a net margin of 7.31%. The business had revenue of $4.77 million for the quarter, compared to analyst estimates of $4.80 million. As a group, equities analysts forecast that Sono-Tek Co. will post 0.07 earnings per share for the current year.

Institutional Trading of Sono-Tek

A hedge fund recently raised its stake in Sono-Tek stock. Bard Associates Inc. raised its holdings in Sono-Tek Co. (NASDAQ:SOTK) by 8.7% during the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 25,280 shares of the industrial products company’s stock after buying an additional 2,030 shares during the period. Bard Associates Inc. owned about 0.16% of Sono-Tek worth $137,000 at the end of the most recent quarter. Institutional investors and hedge funds own 47.89% of the company’s stock.

About Sono-Tek

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.