Sono-Tek (NASDAQ:SOTK) CFO Sells $42,814.98 in Stock

Sono-Tek Corporation (NASDAQ:SOTK) CFO Stephen James Bagley sold 8,346 shares of Sono-Tek stock in a transaction that occurred on Thursday, July 30th. The shares were sold at an average price of $5.13, for a total transaction of $42,814.98. Following the completion of the sale, the chief financial officer owned 21,254 shares of the company’s stock, valued at approximately $109,033.02. The trade was a 28.20% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this link.

Stephen James Bagley also recently made the following trade(s):

• On Monday, July 27th, Stephen James Bagley sold 1,200 shares of Sono-Tek stock. The shares were sold at an average price of $5.08, for a total value of $6,096.00.
• On Thursday, July 23rd, Stephen James Bagley sold 3,454 shares of Sono-Tek stock. The shares were sold at an average price of $5.43, for a total value of $18,755.22.

Sono-Tek Trading Up 2.1%

Shares of Sono-Tek stock opened at $5.39 on Thursday. The company has a 50 day moving average of $5.30 and a 200-day moving average of $4.67. Sono-Tek Corporation has a 1-year low of $3.23 and a 1-year high of $6.24. The company has a market cap of $84.73 million, a PE ratio of 41.46 and a beta of -0.03.

Sono-Tek (NASDAQ:SOTK) last issued its earnings results on Wednesday, July 8th. The industrial products company reported $0.05 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.05. Sono-Tek had a return on equity of 10.55% and a net margin of 9.62%.The firm had revenue of $5.66 million for the quarter, compared to the consensus estimate of $5.60 million. During the same quarter last year, the business posted $0.03 EPS. Research analysts forecast that Sono-Tek Corporation will post 0.11 earnings per share for the current year.

Institutional Investors Weigh In On Sono-Tek

Large investors have recently bought and sold shares of the stock. Susquehanna International Group LLP increased its position in Sono-Tek by 28.2% in the 3rd quarter. Susquehanna International Group LLP now owns 15,410 shares of the industrial products company’s stock valued at $69,000 after buying an additional 3,389 shares in the last quarter. Dimensional Fund Advisors LP grew its holdings in Sono-Tek by 29.8% during the third quarter. Dimensional Fund Advisors LP now owns 18,773 shares of the industrial products company’s stock worth $84,000 after buying an additional 4,305 shares in the last quarter. HM Payson & Co. purchased a new stake in shares of Sono-Tek in the fourth quarter valued at about $89,000. Bard Associates Inc. increased its stake in Sono-Tek by 7.0% in the 4th quarter. Bard Associates Inc. now owns 43,244 shares of the industrial products company’s stock valued at $179,000 after buying an additional 2,838 shares during the last quarter. Finally, Renaissance Technologies LLC increased its position in shares of Sono-Tek by 62.6% during the fourth quarter. Renaissance Technologies LLC now owns 62,939 shares of the industrial products company’s stock valued at $260,000 after acquiring an additional 24,239 shares during the last quarter. 47.89% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of analysts have recently commented on SOTK shares. Wall Street Zen raised Sono-Tek to a “strong-buy” rating in a research note on Sunday, July 12th. Weiss Ratings upgraded shares of Sono-Tek from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Thursday, June 25th. One equities research analyst has rated the stock with a Buy rating and one has assigned a Hold rating to the stock. According to MarketBeat, Sono-Tek currently has an average rating of “Moderate Buy” and a consensus price target of $8.50.

About Sono-Tek

Sono-Tek Corporation is a specialized equipment manufacturer that designs, develops and sells ultrasonic spray coating systems for precision fluid delivery. The company’s core technology uses high-frequency ultrasonic vibrations to generate fine, uniform droplets that can be applied to a broad range of substrates with minimal waste and high accuracy. This method enables precise control over coating thickness, distribution and material usage, making it well suited to applications requiring micro-scale deposition and tight process tolerances.

The company’s product portfolio includes bench-top research and development stations, pilot-scale units and full production systems.