Sono-Tek (NASDAQ:SOTK) Shares Pass Below Two Hundred Day Moving Average of $4.35

Sono-Tek Co. (NASDAQ:SOTK)’s stock price crossed below its 200-day moving average during trading on Friday . The stock has a 200-day moving average of $4.35 and traded as low as $3.80. Sono-Tek shares last traded at $3.95, with a volume of 30,570 shares.

Sono-Tek Stock Performance

The stock has a market cap of $62.21 million, a PE ratio of 39.50 and a beta of -0.28. The stock’s 50-day moving average is $4.04 and its two-hundred day moving average is $4.35.

Sono-Tek (NASDAQ:SOTK) last issued its quarterly earnings results on Thursday, July 11th. The industrial products company reported $0.02 EPS for the quarter, beating the consensus estimate of $0.01 by $0.01. Sono-Tek had a net margin of 8.14% and a return on equity of 10.69%. The company had revenue of $5.03 million during the quarter, compared to analysts’ expectations of $4.93 million. Analysts forecast that Sono-Tek Co. will post 0.07 EPS for the current year.

Hedge Funds Weigh In On Sono-Tek

An institutional investor recently raised its position in Sono-Tek stock. Bard Associates Inc. grew its position in Sono-Tek Co. (NASDAQ:SOTK) by 8.7% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 25,280 shares of the industrial products company’s stock after purchasing an additional 2,030 shares during the quarter. Bard Associates Inc. owned approximately 0.16% of Sono-Tek worth $137,000 at the end of the most recent reporting period. Hedge funds and other institutional investors own 47.89% of the company’s stock.

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.