Insider Selling: Sono-Tek Co. (SOTK) Director Sells 100,000 Shares of Stock
Sono-Tek Co. (OTCMKTS:SOTK) Director Samuel Schwartz sold 100,000 shares of the stock in a transaction that occurred on Wednesday, December 20th. The stock was sold at an average price of $1.67, for a total transaction of $167,000.00. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink.
Shares of Sono-Tek Co. (OTCMKTS:SOTK) traded down $0.03 on Thursday, hitting $1.90. 2,250 shares of the stock were exchanged, compared to its average volume of 27,962. Sono-Tek Co. has a fifty-two week low of $1.00 and a fifty-two week high of $1.95. The company has a current ratio of 3.86, a quick ratio of 3.15 and a debt-to-equity ratio of 0.12.
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Sono-Tek Corporation is engaged in the development, manufacture and sale of ultrasonic liquid atomizing nozzles. The Company utilizes its technology, ultrasonic spray coating, to provide customized coating solutions to a range of manufacturing companies, enabling to develop new products. The Company operates through two segments: ultrasonic spray coating systems, which is in the business of developing, manufacturing, selling, installing and servicing ultrasonic spray coating equipment, and real estate operations, which is in the business of owning and operating the Sono-Tek Industrial Park.
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