Sono-Tek (NASDAQ:SOTK) Stock Price Passes Below Two Hundred Day Moving Average – Time to Sell?

Sono-Tek Corporation (NASDAQ:SOTK) passed below its 200-day moving average during trading on Friday . The stock has a 200-day moving average of $4.13 and traded as low as $3.89. Sono-Tek shares last traded at $3.92, with a volume of 76,120 shares traded.

Analysts Set New Price Targets

Several equities analysts have recently commented on the company. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Sono-Tek in a report on Monday, December 29th. Truist Financial set a $8.50 price target on Sono-Tek in a report on Friday, March 13th. Finally, Zacks Research lowered Sono-Tek from a “strong-buy” rating to a “hold” rating in a research report on Monday, December 15th. Three research analysts have rated the stock with a Hold rating, Based on data from MarketBeat, the company presently has an average rating of “Hold” and an average target price of $8.50.

Sono-Tek Trading Down 3.2%

The company’s 50-day moving average is $4.14 and its two-hundred day moving average is $4.14. The stock has a market capitalization of $61.58 million, a P/E ratio of 39.20 and a beta of -0.32.

Sono-Tek (NASDAQ:SOTK) last posted its earnings results on Tuesday, January 13th. The industrial products company reported $0.02 EPS for the quarter, missing the consensus estimate of $0.03 by ($0.01). The firm had revenue of $5.00 million during the quarter, compared to the consensus estimate of $5.25 million. Sono-Tek had a return on equity of 8.54% and a net margin of 7.72%. Sell-side analysts expect that Sono-Tek Corporation will post 0.07 EPS for the current fiscal year.

Institutional Trading of Sono-Tek

Several large investors have recently added to or reduced their stakes in the business. Renaissance Technologies LLC boosted its position in Sono-Tek by 62.6% during the 4th quarter. Renaissance Technologies LLC now owns 62,939 shares of the industrial products company’s stock worth $260,000 after acquiring an additional 24,239 shares during the period. Bard Associates Inc. increased its holdings in shares of Sono-Tek by 7.0% during the fourth quarter. Bard Associates Inc. now owns 43,244 shares of the industrial products company’s stock valued at $179,000 after purchasing an additional 2,838 shares during the period. HM Payson & Co. acquired a new position in shares of Sono-Tek during the fourth quarter valued at $89,000. Dimensional Fund Advisors LP raised its stake in shares of Sono-Tek by 12.9% during the fourth quarter. Dimensional Fund Advisors LP now owns 21,200 shares of the industrial products company’s stock valued at $88,000 after purchasing an additional 2,427 shares in the last quarter. Finally, Susquehanna International Group LLP lifted its holdings in Sono-Tek by 28.2% in the third quarter. Susquehanna International Group LLP now owns 15,410 shares of the industrial products company’s stock worth $69,000 after purchasing an additional 3,389 shares during the period. 47.89% of the stock is currently owned by institutional investors and hedge funds.

About Sono-Tek

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.