Sono-Tek (NASDAQ:SOTK) Stock Price Crosses Below Two Hundred Day Moving Average – Here’s What Happened

Sono-Tek Corporation (NASDAQ:SOTK)’s stock price crossed below its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of $4.07 and traded as low as $3.97. Sono-Tek shares last traded at $3.99, with a volume of 28,750 shares.

Analyst Upgrades and Downgrades

A number of analysts have recently commented on SOTK shares. Zacks Research cut shares of Sono-Tek from a “strong-buy” rating to a “hold” rating in a research note on Monday, December 15th. Weiss Ratings reiterated a “hold (c)” rating on shares of Sono-Tek in a research note on Monday, December 29th. Three investment analysts have rated the stock with a Hold rating, According to MarketBeat.com, the stock currently has a consensus rating of “Hold”.

Sono-Tek Price Performance

The stock has a market capitalization of $62.68 million, a PE ratio of 39.90 and a beta of -0.32. The company’s 50 day moving average price is $4.15 and its two-hundred day moving average price is $4.07.

Sono-Tek (NASDAQ:SOTK) last released its quarterly earnings data on Tuesday, January 13th. The industrial products company reported $0.02 EPS for the quarter, missing analysts’ consensus estimates of $0.03 by ($0.01). The business had revenue of $5.00 million during the quarter, compared to analyst estimates of $5.25 million. Sono-Tek had a net margin of 7.72% and a return on equity of 8.54%. Analysts forecast that Sono-Tek Corporation will post 0.07 earnings per share for the current year.

Institutional Trading of Sono-Tek

Several large investors have recently added to or reduced their stakes in the stock. Renaissance Technologies LLC increased its stake in shares of Sono-Tek by 62.6% in the 4th quarter. Renaissance Technologies LLC now owns 62,939 shares of the industrial products company’s stock worth $260,000 after acquiring an additional 24,239 shares during the last quarter. Bard Associates Inc. increased its position in Sono-Tek by 7.0% during the fourth quarter. Bard Associates Inc. now owns 43,244 shares of the industrial products company’s stock worth $179,000 after purchasing an additional 2,838 shares during the last quarter. HM Payson & Co. acquired a new stake in Sono-Tek during the fourth quarter worth about $89,000. Dimensional Fund Advisors LP raised its stake in Sono-Tek by 12.9% during the fourth quarter. Dimensional Fund Advisors LP now owns 21,200 shares of the industrial products company’s stock worth $88,000 after purchasing an additional 2,427 shares during the period. Finally, Susquehanna International Group LLP boosted its holdings 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 purchasing an additional 3,389 shares during the last quarter. 47.89% of the stock is currently owned by hedge funds and other institutional investors.

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.