Sono-Tek (NASDAQ:SOTK) Shares Cross Below Two Hundred Day Moving Average of $4.29

Sono-Tek Co. (NASDAQ:SOTK) crossed below its two hundred day moving average during trading on Monday . The stock has a two hundred day moving average of $4.29 and traded as low as $3.97. Sono-Tek shares last traded at $4.03, with a volume of 11,679 shares trading hands.

Sono-Tek Stock Down 1.0 %

The firm has a market capitalization of $63.48 million, a P/E ratio of 40.30 and a beta of -0.28. The firm has a 50 day moving average of $4.02 and a 200-day moving average of $4.29.

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

Hedge Funds Weigh In On Sono-Tek

A hedge fund recently raised its stake in Sono-Tek stock. Bard Associates Inc. boosted its position in Sono-Tek Co. (NASDAQ:SOTK) by 8.7% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 25,280 shares of the industrial products company’s stock after acquiring an additional 2,030 shares during the quarter. Bard Associates Inc. owned 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.