Sono-Tek (NASDAQ:SOTK) Stock Crosses Below Two Hundred Day Moving Average – Time to Sell?

Shares of Sono-Tek Co. (NASDAQ:SOTK) crossed below its 200-day moving average during trading on Monday . The stock has a 200-day moving average of $4.15 and traded as low as $3.68. Sono-Tek shares last traded at $3.68, with a volume of 10,683 shares changing hands.

Analyst Ratings Changes

Separately, Northland Securities reiterated an “outperform” rating and set a $7.50 price target (down from $10.00) on shares of Sono-Tek in a report on Tuesday, January 14th.

Sono-Tek Trading Down 0.3 %

The company has a market capitalization of $57.96 million, a PE ratio of 52.57 and a beta of -0.24. The stock’s fifty day moving average is $3.81 and its two-hundred day moving average is $4.15.

Sono-Tek (NASDAQ:SOTK) last announced its quarterly earnings data on Monday, January 13th. The industrial products company reported $0.02 EPS for the quarter, hitting the consensus estimate of $0.02. Sono-Tek had a net margin of 5.47% and a return on equity of 6.55%. As a group, analysts anticipate that Sono-Tek Co. will post 0.07 EPS for the current fiscal year.

Institutional Trading of Sono-Tek

Several hedge funds have recently made changes to their positions in SOTK. Geode Capital Management LLC raised its position in shares of Sono-Tek by 11.5% in the third quarter. Geode Capital Management LLC now owns 125,355 shares of the industrial products company’s stock valued at $505,000 after purchasing an additional 12,900 shares during the period. Bard Associates Inc. raised its holdings in Sono-Tek by 5.6% during the 4th quarter. Bard Associates Inc. now owns 56,431 shares of the industrial products company’s stock valued at $226,000 after acquiring an additional 3,006 shares during the period. Northern Trust Corp lifted 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 worth $165,000 after acquiring an additional 15,212 shares in the last quarter. Finally, Signature Estate & Investment Advisors LLC bought a new position in shares of Sono-Tek in the fourth quarter worth $3,101,000. 47.89% of the stock is currently owned by institutional investors.

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.