Sono-Tek CEO Sells $21,600 in Stock (SOTK)
Sono-Tek (NASDAQ:SOTK) CEO Christopher L. Coccio sold 20,000 shares of the stock on the open market in a transaction dated Wednesday, August 13th. The shares were sold at an average price of $1.08, for a total transaction of $21,600.00. Following the completion of the transaction, the chief executive officer now directly owns 517,467 shares of the company’s stock, valued at approximately $558,864. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link.
Shares of Sono-Tek (NASDAQ:SOTK) traded up 1.85% on Thursday, hitting $1.10. 600 shares of the company’s stock traded hands. Sono-Tek has a 1-year low of $0.77 and a 1-year high of $1.26. The stock’s 50-day moving average is $1.1 and its 200-day moving average is $1.10. The company has a market cap of $16.2 million and a price-to-earnings ratio of 45.00.
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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