Sono-Tek (NASDAQ:SOTK) Stock Price Crosses Above 50-Day Moving Average – Here’s What Happened

Sono-Tek Corporation (NASDAQ:SOTK) shares crossed above its 50 day moving average during trading on Monday . The stock has a 50 day moving average of $3.96 and traded as high as $4.19. Sono-Tek shares last traded at $4.13, with a volume of 38,030 shares traded.

Wall Street Analyst Weigh In

SOTK has been the topic of a number of recent research reports. Zacks Research lowered Sono-Tek from a “strong-buy” rating to a “hold” rating in a research note on Monday, December 15th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Sono-Tek in a research note on Monday, December 29th. Three research analysts have rated the stock with a Hold rating, According to data from MarketBeat.com, the company has a consensus rating of “Hold”.

Sono-Tek Stock Performance

The company has a market cap of $64.88 million, a price-to-earnings ratio of 41.30 and a beta of -0.30. The business has a fifty day moving average price of $3.96 and a 200 day moving average price of $3.93.

Sono-Tek (NASDAQ:SOTK) last released its quarterly earnings data on Tuesday, January 13th. The industrial products company reported $0.02 earnings per share for the quarter, missing the consensus estimate of $0.03 by ($0.01). The business had revenue of $5.00 million during the quarter, compared to analyst estimates of $5.25 million. Sono-Tek had a net margin of 7.72% and a return on equity of 8.54%. As a group, equities analysts anticipate that Sono-Tek Corporation will post 0.07 EPS for the current year.

Hedge Funds Weigh In On Sono-Tek

A hedge fund recently raised its stake in Sono-Tek stock. Susquehanna International Group LLP raised its stake in Sono-Tek Corporation (NASDAQ:SOTK) by 28.2% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 15,410 shares of the industrial products company’s stock after buying an additional 3,389 shares during the period. Susquehanna International Group LLP owned 0.10% of Sono-Tek worth $69,000 at the end of the most recent quarter. Institutional investors own 47.89% of the company’s stock.

About Sono-Tek

Sono-Tek Corporation is a specialized equipment manufacturer that designs, develops and sells ultrasonic spray coating systems for precision fluid delivery. The company’s core technology uses high-frequency ultrasonic vibrations to generate fine, uniform droplets that can be applied to a broad range of substrates with minimal waste and high accuracy. This method enables precise control over coating thickness, distribution and material usage, making it well suited to applications requiring micro-scale deposition and tight process tolerances.

The company’s product portfolio includes bench-top research and development stations, pilot-scale units and full production systems.