Sono-Tek (NASDAQ:SOTK) Stock Crosses Below 200-Day Moving Average of $4.49

Sono-Tek Co. (NASDAQ:SOTK)’s stock price crossed below its two hundred day moving average during trading on Thursday . The stock has a two hundred day moving average of $4.49 and traded as low as $4.02. Sono-Tek shares last traded at $4.09, with a volume of 13,358 shares.

Sono-Tek Price Performance

The company has a 50-day simple moving average of $4.01 and a 200-day simple moving average of $4.49. The stock has a market cap of $64.42 million, a PE ratio of 40.90 and a beta of -0.27.

Sono-Tek (NASDAQ:SOTK) last released its quarterly earnings data on Thursday, July 11th. The industrial products company reported $0.02 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.01 by $0.01. The firm had revenue of $5.03 million during the quarter, compared to analysts’ expectations of $4.93 million. Sono-Tek had a return on equity of 10.69% and a net margin of 8.14%. On average, equities analysts expect that Sono-Tek Co. will post 0.07 EPS for the current fiscal year.

Institutional Trading of Sono-Tek

A hedge fund recently raised its stake in Sono-Tek stock. Bard Associates Inc. raised its position in Sono-Tek Co. (NASDAQ:SOTK) by 8.7% during the 4th quarter, according to its most recent disclosure with the SEC. The fund 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 about 0.16% of Sono-Tek worth $137,000 at the end of the most recent reporting period. Institutional investors and hedge funds own 47.89% of the company’s stock.

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.