Sono-Tek Co. (NASDAQ:SOTK – Get Free Report) was the recipient of a large decline in short interest in July. As of July 15th, there was short interest totalling 3,100 shares, a decline of 22.5% from the June 30th total of 4,000 shares. Currently, 0.0% of the shares of the stock are short sold. Based on an average trading volume of 11,100 shares, the short-interest ratio is presently 0.3 days.
Sono-Tek Stock Down 1.3 %
Shares of SOTK traded down $0.05 during midday trading on Monday, hitting $3.80. The company’s stock had a trading volume of 4,281 shares, compared to its average volume of 11,599. Sono-Tek has a one year low of $3.62 and a one year high of $6.12. The company’s fifty day simple moving average is $4.23 and its two-hundred day simple moving average is $4.76. The stock has a market capitalization of $59.85 million, a price-to-earnings ratio of 38.00 and a beta of -0.27.
Sono-Tek (NASDAQ:SOTK – Get Free Report) last issued its quarterly earnings results on Thursday, July 11th. The industrial products company reported $0.02 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.01 by $0.01. Sono-Tek had a return on equity of 10.69% and a net margin of 8.14%. The company had revenue of $5.03 million for the quarter, compared to analyst estimates of $4.93 million. On average, research analysts predict that Sono-Tek will post 0.07 earnings per share for the current year.
Hedge Funds Weigh In On Sono-Tek
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.
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