Sono-Tek (NASDAQ:SOTK) Share Price Passes Below Two Hundred Day Moving Average of $5.17

Sono-Tek Co. (NASDAQ:SOTK)’s stock price crossed below its 200-day moving average during trading on Monday . The stock has a 200-day moving average of $5.17 and traded as low as $4.06. Sono-Tek shares last traded at $4.23, with a volume of 3,100 shares trading hands.

Sono-Tek Stock Performance

The firm’s 50 day moving average price is $4.92 and its two-hundred day moving average price is $5.16. The company has a market cap of $64.38 million, a P/E ratio of 58.43 and a beta of -0.26.

Insider Buying and Selling at Sono-Tek

In other Sono-Tek news, Director Christopher L. Coccio sold 7,080 shares of the business’s stock in a transaction on Tuesday, February 20th. The shares were sold at an average price of $5.64, for a total transaction of $39,931.20. Following the completion of the sale, the director now owns 328,999 shares in the company, valued at approximately $1,855,554.36. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. In other Sono-Tek news, Director Joseph Riemer sold 5,335 shares of Sono-Tek stock in a transaction on Wednesday, February 7th. The shares were sold at an average price of $5.70, for a total transaction of $30,409.50. Following the transaction, the director now directly owns 18,662 shares of the company’s stock, valued at approximately $106,373.40. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Christopher L. Coccio sold 7,080 shares of Sono-Tek stock in a transaction on Tuesday, February 20th. The stock was sold at an average price of $5.64, for a total transaction of $39,931.20. Following the transaction, the director now directly owns 328,999 shares in the company, valued at $1,855,554.36. The disclosure for this sale can be found here. In the last 90 days, insiders sold 18,117 shares of company stock worth $103,149. 6.65% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On Sono-Tek

An institutional investor recently raised its position in Sono-Tek stock. Bard Associates Inc. increased its stake in Sono-Tek Co. (NASDAQ:SOTK) by 8.7% during the fourth quarter, according to its most recent filing with the SEC. The fund owned 25,280 shares of the industrial products company’s stock after buying an additional 2,030 shares during the quarter. Bard Associates Inc. owned 0.16% of Sono-Tek worth $137,000 at the end of the most recent quarter. 47.89% of the stock is owned by institutional investors and hedge funds.

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.