Shares of Sono-Tek Co. (OTCMKTS:SOTK) passed above its fifty day moving average during trading on Wednesday . The stock has a fifty day moving average of $2.37 and traded as high as $2.38. Sono-Tek shares last traded at $2.38, with a volume of 2,820 shares changing hands.
Separately, Dougherty & Co started coverage on Sono-Tek in a research report on Thursday. They issued a “buy” rating and a $3.50 price target on the stock.
The company has a debt-to-equity ratio of 0.06, a quick ratio of 1.97 and a current ratio of 2.75. The company has a market cap of $36.16 million, a price-to-earnings ratio of 78.69 and a beta of -0.18. The business has a 50-day simple moving average of $2.36 and a 200-day simple moving average of $2.52.
About Sono-Tek (OTCMKTS:SOTK)
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 patented nozzles and generators for manufacturers' equipment.
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