Sono-Tek (NASDAQ:SOTK) Stock Crosses Below 200 Day Moving Average – Time to Sell?

Sono-Tek Co. (NASDAQ:SOTK)’s share price passed below its two hundred day moving average during trading on Wednesday . The stock has a two hundred day moving average of $4.20 and traded as low as $3.82. Sono-Tek shares last traded at $3.96, with a volume of 5,965 shares.

Analyst Ratings Changes

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

Sono-Tek Price Performance

The company has a market cap of $62.37 million, a PE ratio of 56.57 and a beta of -0.20. The business has a fifty day simple moving average of $4.24 and a two-hundred day simple moving average of $4.20.

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

Institutional Inflows and Outflows

An institutional investor recently raised its position in Sono-Tek stock. Bard Associates Inc. raised its position in Sono-Tek Co. (NASDAQ:SOTK) by 29.7% in the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 53,425 shares of the industrial products company’s stock after acquiring an additional 12,220 shares during the period. Bard Associates Inc. owned approximately 0.34% of Sono-Tek worth $215,000 as of its most recent filing with the Securities & Exchange Commission. 47.89% of the stock is currently owned by hedge funds and other institutional investors.

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.