Sono-Tek (NASDAQ:SOTK) CFO Stephen James Bagley Sells 3,454 Shares of Stock

Sono-Tek Corporation (NASDAQ:SOTKGet Free Report) CFO Stephen James Bagley sold 3,454 shares of the firm’s stock in a transaction on Thursday, July 23rd. The stock was sold at an average price of $5.43, for a total value of $18,755.22. Following the completion of the transaction, the chief financial officer owned 30,800 shares in the company, valued at approximately $167,244. This trade represents a 10.08% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website.

Sono-Tek Stock Performance

Sono-Tek stock opened at $5.11 on Wednesday. The stock has a market cap of $80.31 million, a PE ratio of 39.31 and a beta of -0.05. Sono-Tek Corporation has a one year low of $3.23 and a one year high of $6.24. The stock has a fifty day moving average of $5.30 and a 200 day moving average of $4.62.

Sono-Tek (NASDAQ:SOTKGet Free Report) last posted its earnings results on Wednesday, July 8th. The industrial products company reported $0.05 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.05. The company had revenue of $5.66 million for the quarter, compared to the consensus estimate of $5.60 million. Sono-Tek had a return on equity of 10.55% and a net margin of 9.62%.During the same quarter in the prior year, the company earned $0.03 earnings per share. As a group, sell-side analysts predict that Sono-Tek Corporation will post 0.11 EPS for the current fiscal year.

Wall Street Analyst Weigh In

A number of equities analysts recently issued reports on SOTK shares. Weiss Ratings raised shares of Sono-Tek from a “hold (c+)” rating to a “buy (b-)” rating in a report on Thursday, June 25th. Wall Street Zen raised shares of Sono-Tek to a “strong-buy” rating in a report on Sunday, July 12th. One equities research analyst has rated the stock with a Buy rating and one has issued a Hold rating to the company. According to data from MarketBeat.com, Sono-Tek currently has an average rating of “Moderate Buy” and an average target price of $8.50.

Read Our Latest Stock Analysis on Sono-Tek

Institutional Trading of Sono-Tek

Several hedge funds have recently bought and sold shares of SOTK. Susquehanna International Group LLP increased its position in Sono-Tek by 28.2% in the third quarter. Susquehanna International Group LLP now owns 15,410 shares of the industrial products company’s stock worth $69,000 after buying an additional 3,389 shares in the last quarter. Dimensional Fund Advisors LP lifted its position in shares of Sono-Tek by 29.8% during the 3rd quarter. Dimensional Fund Advisors LP now owns 18,773 shares of the industrial products company’s stock valued at $84,000 after buying an additional 4,305 shares in the last quarter. HM Payson & Co. purchased a new position in shares of Sono-Tek during the 4th quarter valued at about $89,000. Bard Associates Inc. grew its stake in shares of Sono-Tek by 7.0% during the 4th quarter. Bard Associates Inc. now owns 43,244 shares of the industrial products company’s stock valued at $179,000 after acquiring an additional 2,838 shares during the period. Finally, Renaissance Technologies LLC grew its stake in shares of Sono-Tek by 62.6% during the 4th quarter. Renaissance Technologies LLC now owns 62,939 shares of the industrial products company’s stock valued at $260,000 after acquiring an additional 24,239 shares during the period. Institutional investors own 47.89% of the company’s stock.

About Sono-Tek

(Get Free Report)

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.

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