Sono-Tek (NASDAQ:SOTK) Share Price Passes Below 200-Day Moving Average of $5.06

Sono-Tek Co. (NASDAQ:SOTKGet Free Report)’s share price passed below its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of $5.06 and traded as low as $4.37. Sono-Tek shares last traded at $4.38, with a volume of 7,539 shares traded.

Sono-Tek Stock Down 2.2 %

The company’s 50 day simple moving average is $4.54 and its 200-day simple moving average is $5.06. The firm has a market cap of $68.99 million, a P/E ratio of 54.75 and a beta of -0.23.

Hedge Funds Weigh In On Sono-Tek

A hedge fund recently bought a new stake in Sono-Tek stock. M&T Bank Corp purchased a new stake in Sono-Tek Co. (NASDAQ:SOTKFree Report) in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The fund purchased 89,412 shares of the industrial products company’s stock, valued at approximately $484,000. M&T Bank Corp owned approximately 0.57% of Sono-Tek as of its most recent filing with the SEC. 47.89% of the stock is currently owned by hedge funds and other institutional investors.

About Sono-Tek

(Get Free Report)

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.

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