Sono-Tek (NASDAQ:SOTK) Stock Passes Below 200-Day Moving Average – What’s Next?

Sono-Tek Co. (NASDAQ:SOTK)’s stock price crossed below its two hundred day moving average during trading on Monday . The stock has a two hundred day moving average of $4.15 and traded as low as $3.68. Sono-Tek shares last traded at $3.68, with a volume of 10,683 shares trading hands.

Analyst Upgrades and Downgrades

Separately, Northland Securities restated an “outperform” rating and set a $7.50 target price (down from $10.00) on shares of Sono-Tek in a research report on Tuesday, January 14th.

Sono-Tek Stock Down 0.3 %

The company’s 50-day moving average is $3.81 and its two-hundred day moving average is $4.15. The company has a market capitalization of $57.96 million, a P/E ratio of 52.57 and a beta of -0.24.

Sono-Tek (NASDAQ:SOTK) last issued its quarterly earnings results on Monday, January 13th. The industrial products company reported $0.02 EPS for the quarter, hitting analysts’ consensus estimates of $0.02. Sono-Tek had a net margin of 5.47% and a return on equity of 6.55%. On average, sell-side analysts predict that Sono-Tek Co. will post 0.07 EPS for the current year.

Institutional Inflows and Outflows

Institutional investors have recently added to or reduced their stakes in the company. Bard Associates Inc. lifted its stake in Sono-Tek by 5.6% during the fourth quarter. Bard Associates Inc. now owns 56,431 shares of the industrial products company’s stock worth $226,000 after purchasing an additional 3,006 shares during the last quarter. Geode Capital Management LLC raised its holdings in shares of Sono-Tek by 11.5% during the 3rd quarter. Geode Capital Management LLC now owns 125,355 shares of the industrial products company’s stock valued at $505,000 after buying an additional 12,900 shares in the last quarter. Northern Trust Corp lifted its position in Sono-Tek by 58.8% in the 4th quarter. Northern Trust Corp now owns 41,081 shares of the industrial products company’s stock worth $165,000 after buying an additional 15,212 shares during the last quarter. Finally, Signature Estate & Investment Advisors LLC purchased a new stake in Sono-Tek in the fourth quarter worth approximately $3,101,000. 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.