Sono-Tek (NASDAQ:SOTK) Share Price Passes Below Two Hundred Day Moving Average of $5.17

Sono-Tek Co. (NASDAQ:SOTK)’s stock price passed below its 200-day moving average during trading on Monday . The stock has a 200-day moving average of $5.17 and traded as low as $4.06. Sono-Tek shares last traded at $4.23, with a volume of 3,100 shares changing hands.

Sono-Tek Stock Performance

The business’s 50 day moving average is $4.92 and its 200-day moving average is $5.16. The firm has a market capitalization of $64.38 million, a price-to-earnings ratio of 58.43 and a beta of -0.26.

Insider Buying and Selling at Sono-Tek

In other Sono-Tek news, Director Christopher L. Coccio sold 7,080 shares of the stock in a transaction on Tuesday, February 20th. The shares were sold at an average price of $5.64, for a total value of $39,931.20. Following the completion of the sale, the director now directly owns 328,999 shares of the company’s stock, valued at approximately $1,855,554.36. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. In other news, Director Christopher L. Coccio sold 7,080 shares of the firm’s stock in a transaction dated Tuesday, February 20th. The shares were sold at an average price of $5.64, for a total transaction of $39,931.20. Following the completion of the transaction, the director now directly owns 328,999 shares of the company’s stock, valued at approximately $1,855,554.36. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Joseph Riemer sold 5,335 shares of the firm’s stock in a transaction dated Wednesday, February 7th. The stock was sold at an average price of $5.70, for a total transaction of $30,409.50. Following the transaction, the director now directly owns 18,662 shares of the company’s stock, valued at $106,373.40. The disclosure for this sale can be found here. Insiders sold a total of 18,117 shares of company stock valued at $103,149 in the last ninety days. Company insiders own 6.65% of the company’s stock.

Institutional Investors Weigh In On Sono-Tek

A hedge fund recently bought a new stake in Sono-Tek stock. M&T Bank Corp acquired a new stake in Sono-Tek Co. (NASDAQ:SOTK) in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The firm acquired 89,412 shares of the industrial products company’s stock, valued at approximately $484,000. M&T Bank Corp owned approximately 0.57% of Sono-Tek at the end of the most recent quarter. Hedge funds and other institutional investors own 47.89% of the company’s stock.

About Sono-Tek

Sono-Tek Corporation designs and manufactures ultrasonic coating systems for applying on parts and components for the microelectronics/electronics, alternative energy, medical, industrial, and research and development/other markets worldwide. The company also designs and manufactures custom-engineered ultrasonic coating systems; and provides nozzles and generators for manufacturers' equipment.