Geode Capital Management LLC Purchases 12,900 Shares of Sono-Tek Co. (NASDAQ:SOTK)

Geode Capital Management LLC boosted its holdings in shares of Sono-Tek Co. (NASDAQ:SOTK) by 11.5% during the 3rd quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 125,355 shares of the industrial products company’s stock after acquiring an additional 12,900 shares during the quarter. Geode Capital Management LLC owned approximately 0.80% of Sono-Tek worth $505,000 at the end of the most recent reporting period.

Separately, Bard Associates Inc. increased its stake in shares of Sono-Tek by 29.7% during the 3rd quarter. Bard Associates Inc. now owns 53,425 shares of the industrial products company’s stock worth $215,000 after purchasing an additional 12,220 shares during the last quarter. 47.89% of the stock is owned by institutional investors.

Sono-Tek Stock Performance

SOTK opened at $3.92 on Friday. The company has a market cap of $61.74 million, a PE ratio of 43.56 and a beta of -0.20. The stock has a 50-day moving average of $4.43 and a 200-day moving average of $4.22. Sono-Tek Co. has a 52-week low of $3.50 and a 52-week high of $6.12.

Sono-Tek (NASDAQ:SOTK) last posted its earnings results on Tuesday, October 15th. The industrial products company reported $0.02 earnings per share for the quarter, hitting the consensus estimate of $0.02. Sono-Tek had a return on equity of 9.20% and a net margin of 7.36%. The firm had revenue of $5.16 million during the quarter, compared to analyst estimates of $5.23 million. During the same period in the previous year, the company earned $0.03 EPS. On average, research analysts predict that Sono-Tek Co. will post 0.07 earnings per share for the current year.

Analyst Ratings Changes

Separately, Northland Securities reaffirmed an “outperform” rating and issued a $10.00 price objective on shares of Sono-Tek in a research note on Wednesday, October 16th.

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.