Sono-Tek (NASDAQ:SOTK) Director Sells $58,889.60 in Stock

Sono-Tek Corporation (NASDAQ:SOTK) Director Christopher Coccio sold 12,320 shares of Sono-Tek stock in a transaction that occurred on Thursday, October 23rd. The stock was sold at an average price of $4.78, for a total value of $58,889.60. Following the transaction, the director owned 309,447 shares in the company, valued at approximately $1,479,156.66. The trade was a 3.83% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink.

Sono-Tek Stock Performance

Shares of Sono-Tek stock opened at $4.56 on Monday. Sono-Tek Corporation has a one year low of $3.23 and a one year high of $6.05. The company has a market cap of $71.64 million, a price-to-earnings ratio of 45.60 and a beta of -0.21. The business’s 50 day moving average price is $3.99 and its 200 day moving average price is $3.79.

Sono-Tek (NASDAQ:SOTK) last announced its quarterly earnings data on Tuesday, October 14th. The industrial products company reported $0.03 EPS for the quarter, topping analysts’ consensus estimates of $0.02 by $0.01. The firm had revenue of $5.16 million for the quarter, compared to the consensus estimate of $5.25 million. Sono-Tek had a return on equity of 8.38% and a net margin of 7.33%.During the same quarter last year, the business posted $0.02 earnings per share. On average, analysts predict that Sono-Tek Corporation will post 0.07 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

Several equities research analysts have issued reports on the company. Weiss Ratings reissued a “sell (d+)” rating on shares of Sono-Tek in a research note on Saturday. Zacks Research raised Sono-Tek from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, October 14th. One research analyst has rated the stock with a Strong Buy rating, two have assigned a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat.com, Sono-Tek presently has an average rating of “Hold” and a consensus target price of $7.50.

Sono-Tek Company Profile

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.