Sono-Tek CEO Unloads $23,800 in Stock (SOTK)
Sono-Tek (NASDAQ:SOTK) CEO Christopher L. Coccio unloaded 20,000 shares of the stock on the open market in a transaction that occurred on Thursday, July 17th. The shares were sold at an average price of $1.19, for a total transaction of $23,800.00. Following the completion of the transaction, the chief executive officer now directly owns 542,467 shares in the company, valued at approximately $645,536. The sale was disclosed in a legal filing with the SEC, which is available at this link.
Sono-Tek (NASDAQ:SOTK) traded up 4.17% during mid-day trading on Friday, hitting $1.25. 24,400 shares of the company’s stock traded hands. Sono-Tek has a 52 week low of $0.69 and a 52 week high of $1.26. The stock’s 50-day moving average is $1.14 and its 200-day moving average is $1.10. The company has a market cap of $18.4 million and a price-to-earnings ratio of 50.00.
Sono-Tek Corporation manufactures and wholesales ultrasonic nozzles systems, as well as developing nozzle systems and spraying and coating application systems.
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