Insider Selling: Sono-Tek CEO Sells 20,000 Shares of Stock (SOTK)
Sono-Tek (NASDAQ:SOTK) CEO Christopher L. Coccio sold 20,000 shares of the stock in a transaction that occurred on Wednesday, August 13th. The shares were sold at an average price of $1.08, for a total value of $21,600.00. Following the sale, the chief executive officer now directly owns 517,467 shares of the company’s stock, valued at approximately $558,864. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link.
Shares of Sono-Tek (NASDAQ:SOTK) opened at 1.20 on Friday. Sono-Tek has a one year low of $0.77 and a one year high of $1.26. The stock’s 50-day moving average is $1.17 and its 200-day moving average is $1.10. The company has a market cap of $17.7 million and a price-to-earnings ratio of 45.83.
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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