Sono-Tek Co. (NASDAQ:SOTK – Get Rating) shares crossed below its 200-day moving average during trading on Monday . The stock has a 200-day moving average of $6.35 and traded as low as $5.60. Sono-Tek shares last traded at $5.90, with a volume of 3,397 shares traded.
Analyst Upgrades and Downgrades
Separately, Northland Securities boosted their price objective on shares of Sono-Tek from $8.00 to $10.00 in a research note on Wednesday, October 19th.
Get Sono-Tek alerts:Sono-Tek Stock Down 1.0 %
The company has a market capitalization of $92.87 million, a PE ratio of 73.76 and a beta of -0.25. The firm's 50 day simple moving average is $6.20 and its 200-day simple moving average is $6.35.
Insider Activity
In other news, CEO Christopher L. Coccio sold 14,383 shares of the company's stock in a transaction on Monday, November 14th. The shares were sold at an average price of $5.76, for a total value of $82,846.08. Following the completion of the transaction, the chief executive officer now directly owns 357,415 shares in the company, valued at $2,058,710.40. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Over the last three months, insiders sold 18,762 shares of company stock worth $108,731. 6.64% of the stock is currently owned by company insiders.Institutional Trading of Sono-Tek
Several institutional investors have recently added to or reduced their stakes in SOTK. Dimensional Fund Advisors LP acquired a new stake in Sono-Tek in the first quarter valued at $69,000. O Shaughnessy Asset Management LLC acquired a new stake in Sono-Tek in the second quarter valued at $82,000. Coombe Bender & Co LLC acquired a new stake in Sono-Tek in the second quarter valued at $102,000. Peak Financial Advisors LLC raised its holdings in Sono-Tek by 38.0% in the third quarter. Peak Financial Advisors LLC now owns 14,521 shares of the industrial products company's stock valued at $102,000 after acquiring an additional 4,000 shares in the last quarter. Finally, BlackRock Inc. raised its holdings in Sono-Tek by 11.3% in the third quarter. BlackRock Inc. now owns 17,459 shares of the industrial products company's stock valued at $122,000 after acquiring an additional 1,769 shares in the last quarter. 6.12% of the stock is owned by institutional investors and hedge funds.
Sono-Tek Company Profile
(Get Rating)
Sono-Tek Corp. engages in the design and manufacture of ultrasonic coating systems. The firm also provides patented nozzles and generators for manufacturers equipment. Its products categories include electronics, energy, medical, glass, food, textiles, nanotechnology, and industrial. The company was founded by Harvey L.
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