Sono-Tek (NASDAQ:SOTK) Shares Pass Below Two Hundred Day Moving Average of $4.35

Sono-Tek Co. (NASDAQ:SOTK) crossed below its 200-day moving average during trading on Friday . The stock has a 200-day moving average of $4.35 and traded as low as $3.80. Sono-Tek shares last traded at $3.95, with a volume of 30,570 shares.

Sono-Tek Trading Down 2.6 %

The stock’s fifty day moving average price is $4.04 and its 200-day moving average price is $4.35. The firm has a market cap of $62.21 million, a price-to-earnings ratio of 39.50 and a beta of -0.28.

Sono-Tek (NASDAQ:SOTK) last announced its quarterly earnings results on Thursday, July 11th. The industrial products company reported $0.02 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.01 by $0.01. The business had revenue of $5.03 million during the quarter, compared to the consensus estimate of $4.93 million. Sono-Tek had a net margin of 8.14% and a return on equity of 10.69%. Analysts predict 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. increased its stake in shares of Sono-Tek Co. (NASDAQ:SOTK) by 8.7% in the fourth quarter, according to its most recent 13F filing with the SEC. The firm owned 25,280 shares of the industrial products company’s stock after purchasing an additional 2,030 shares during the period. Bard Associates Inc. owned approximately 0.16% of Sono-Tek worth $137,000 at the end of the most recent reporting period. 47.89% of the stock is currently owned by institutional investors and hedge funds.

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.