Sono-Tek (NASDAQ:SOTK) Share Price Crosses Below 200 Day Moving Average of $5.12

Sono-Tek Co. (NASDAQ:SOTK) shares crossed below its two hundred day moving average during trading on Tuesday . The stock has a two hundred day moving average of $5.12 and traded as low as $4.18. Sono-Tek shares last traded at $4.46, with a volume of 8,426 shares.

Sono-Tek Stock Up 3.4 %

The firm has a market cap of $70.24 million, a P/E ratio of 63.75 and a beta of -0.26. The business has a fifty day simple moving average of $4.81 and a 200-day simple moving average of $5.12.

Insider Transactions at Sono-Tek

In other news, Director Christopher L. Coccio sold 7,080 shares of the stock in a transaction on Tuesday, February 20th. The stock was sold at an average price of $5.64, for a total value of $39,931.20. Following the sale, the director now directly owns 328,999 shares of the company’s stock, valued at $1,855,554.36. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. In other news, Director Christopher L. Coccio sold 7,080 shares of the stock in a transaction on Tuesday, February 20th. The stock was sold at an average price of $5.64, for a total value of $39,931.20. Following the sale, the director now directly owns 328,999 shares of the company’s stock, valued at $1,855,554.36. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, Director Joseph Riemer sold 5,335 shares of the stock in a transaction on Wednesday, February 7th. The shares were sold at an average price of $5.70, for a total value of $30,409.50. Following the sale, the director now directly owns 18,662 shares in the company, valued at $106,373.40. The disclosure for this sale can be found here. Insiders own 6.65% of the company’s stock.

Institutional Investors Weigh In On Sono-Tek

A hedge fund recently raised its stake in Sono-Tek stock. Bard Associates Inc. lifted its holdings in shares of Sono-Tek Co. (NASDAQ:SOTK) by 8.7% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 25,280 shares of the industrial products company’s stock after buying an additional 2,030 shares during the period. Bard Associates Inc. owned approximately 0.16% of Sono-Tek worth $137,000 at the end of the most recent reporting period. Hedge funds and other institutional investors own 47.89% of the company’s stock.

About Sono-Tek

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.