Sono-Tek (NASDAQ:SOTK) Shares Pass Below 200-Day Moving Average of $5.10

Sono-Tek Co. (NASDAQ:SOTK)’s share price crossed below its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of $5.10 and traded as low as $4.73. Sono-Tek shares last traded at $4.73, with a volume of 7,778 shares traded.

Sono-Tek Stock Up 2.4 %

The company has a fifty day moving average price of $4.67 and a 200 day moving average price of $5.10. The stock has a market cap of $74.47 million, a PE ratio of 67.57 and a beta of -0.22.

Insider Buying and Selling at Sono-Tek

In related news, Director Christopher L. Coccio sold 7,080 shares of Sono-Tek stock in a transaction on Tuesday, February 20th. The shares were sold at an average price of $5.64, for a total value of $39,931.20. Following the sale, the director now owns 328,999 shares in the company, valued at $1,855,554.36. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. 6.65% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

A hedge fund recently raised its stake in Sono-Tek stock. Bard Associates Inc. lifted its stake in Sono-Tek Co. (NASDAQ:SOTK) by 8.7% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 25,280 shares of the industrial products company’s stock after purchasing an additional 2,030 shares during the quarter. Bard Associates Inc. owned about 0.16% of Sono-Tek worth $137,000 as of its most recent filing with the Securities & Exchange Commission. 47.89% of the stock is currently owned by institutional investors and hedge funds.

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.