Sono-Tek (NASDAQ:SOTK) Stock Passes Below 200 Day Moving Average of $6.35

Shares of Sono-Tek Co. (NASDAQ:SOTK – Get Rating) crossed below its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of $6.35 and traded as low as $5.06. Sono-Tek shares last traded at $5.23, with a volume of 4,165 shares trading hands.

Sono-Tek Stock Up 4.0 %

The company’s 50 day moving average price is $5.85 and its 200-day moving average price is $6.35. The stock has a market cap of $82.32 million, a P/E ratio of 65.38 and a beta of -0.23.

Sono-Tek (NASDAQ:SOTK – Get Rating) last released its quarterly earnings results on Tuesday, January 17th. The industrial products company reported $0.01 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.01. Sono-Tek had a net margin of 6.88% and a return on equity of 7.97%. The firm had revenue of $3.59 million during the quarter, compared to the consensus estimate of $3.76 million. Equities research analysts anticipate that Sono-Tek Co. will post 0.05 earnings per share for the current year.

Insider Transactions at Sono-Tek

In other Sono-Tek news, Director Joseph Riemer sold 4,700 shares of the firm’s stock in a transaction on Friday, February 3rd. The shares were sold at an average price of $5.64, for a total value of $26,508.00. Following the completion of the sale, the director now directly owns 37,606 shares in the company, valued at $212,097.84. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Insiders sold a total of 11,711 shares of company stock worth $67,274 over the last three months. 6.64% of the stock is owned by company insiders.

Institutional Inflows and Outflows

Large investors have recently made changes to their positions in the business. Dimensional Fund Advisors LP bought a new position in shares of Sono-Tek in the first quarter valued at $69,000. O Shaughnessy Asset Management LLC bought a new position in shares of Sono-Tek during the second quarter valued at about $82,000. Peak Financial Advisors LLC lifted its position in shares of Sono-Tek by 38.0% during the third quarter. Peak Financial Advisors LLC now owns 14,521 shares of the industrial products company’s stock valued at $102,000 after purchasing an additional 4,000 shares in the last quarter. BlackRock Inc. lifted its position in shares of Sono-Tek by 11.3% during the third quarter. BlackRock Inc. now owns 17,459 shares of the industrial products company’s stock valued at $122,000 after purchasing an additional 1,769 shares in the last quarter. Finally, Beaumont Financial Advisors LLC bought a new position in shares of Sono-Tek during the fourth quarter valued at about $235,000. 6.12% of the stock is owned by institutional investors.

Sono-Tek Company Profile

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Sono-Tek Corp. engages in the design and manufacture of ultrasonic coating systems. The firm also provides patented nozzles and generators for manufacturers equipment. Its products categories include electronics, energy, medical, glass, food, textiles, nanotechnology, and industrial. The company was founded by Harvey L.