Sono-Tek (NASDAQ:SOTK) Director Sells $20,093.92 in Stock

Sono-Tek Corporation (NASDAQ:SOTK) Director Christopher Coccio sold 4,312 shares of the company’s stock in a transaction that occurred on Tuesday, October 21st. The shares were sold at an average price of $4.66, for a total value of $20,093.92. Following the completion of the sale, the director directly owned 321,767 shares in the company, valued at approximately $1,499,434.22. The trade was a 1.32% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink.

Sono-Tek Stock Performance

SOTK stock opened at $4.56 on Friday. Sono-Tek Corporation has a 1 year low of $3.23 and a 1 year high of $6.05. The stock’s 50 day moving average price is $3.99 and its 200 day moving average price is $3.79. The firm has a market cap of $71.64 million, a P/E ratio of 45.60 and a beta of -0.21.

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

Analyst Ratings Changes

A number of brokerages have weighed in on SOTK. Zacks Research raised Sono-Tek from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, October 14th. Weiss Ratings reissued a “sell (d+)” rating on shares of Sono-Tek in a research note on Saturday. One equities 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 data from MarketBeat, Sono-Tek currently has an average rating of “Hold” and an average price target 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.