Sono-Tek Corporation (NASDAQ:SOTK – Get Free Report) was the recipient of a large growth in short interest during the month of July. As of July 15th, there was short interest totaling 24,424 shares, a growth of 129.0% from the June 30th total of 10,665 shares. Based on an average daily volume of 59,893 shares, the days-to-cover ratio is presently 0.4 days. Currently, 0.2% of the shares of the company are short sold.
Sono-Tek Stock Performance
Sono-Tek stock traded down $0.06 during mid-day trading on Tuesday, hitting $4.97. The company’s stock had a trading volume of 10,263 shares, compared to its average volume of 35,217. The company has a 50 day moving average of $5.30 and a 200-day moving average of $4.62. Sono-Tek has a one year low of $3.23 and a one year high of $6.24. The stock has a market cap of $78.13 million, a PE ratio of 38.23 and a beta of -0.05.
Sono-Tek (NASDAQ:SOTK – Get Free Report) last released its quarterly earnings data on Wednesday, July 8th. The industrial products company reported $0.05 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.05. The company had revenue of $5.66 million during the quarter, compared to analysts’ expectations of $5.60 million. Sono-Tek had a net margin of 9.62% and a return on equity of 10.55%. During the same period in the previous year, the company earned $0.03 EPS. On average, equities research analysts forecast that Sono-Tek will post 0.11 EPS for the current fiscal year.
Analysts Set New Price Targets
Check Out Our Latest Stock Analysis on Sono-Tek
Institutional Trading of Sono-Tek
A number of large investors have recently modified their holdings of SOTK. Renaissance Technologies LLC grew its stake in Sono-Tek by 41.6% in the first quarter. Renaissance Technologies LLC now owns 89,100 shares of the industrial products company’s stock worth $362,000 after purchasing an additional 26,161 shares in the last quarter. Bard Associates Inc. grew its position 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 worth $179,000 after buying an additional 2,838 shares in the last quarter. Dimensional Fund Advisors LP raised its holdings in shares of Sono-Tek by 12.9% in the fourth quarter. Dimensional Fund Advisors LP now owns 21,200 shares of the industrial products company’s stock valued at $88,000 after acquiring an additional 2,427 shares in the last quarter. HM Payson & Co. purchased a new position in Sono-Tek during the 4th quarter valued at about $89,000. Finally, Susquehanna International Group LLP lifted its holdings in Sono-Tek by 28.2% during 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 during the period. Hedge funds and other institutional investors own 47.89% of the company’s stock.
Sono-Tek Company Profile
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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