Sono-Tek (NASDAQ:SOTK) Shares Pass Below 200-Day Moving Average – What’s Next?

Sono-Tek Corporation (NASDAQ:SOTK) crossed below its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of $4.07 and traded as low as $3.97. Sono-Tek shares last traded at $3.99, with a volume of 28,750 shares.

Wall Street Analyst Weigh In

SOTK has been the subject of several analyst reports. Zacks Research lowered Sono-Tek from a “strong-buy” rating to a “hold” rating in a research report on Monday, December 15th. Weiss Ratings reissued a “hold (c)” rating on shares of Sono-Tek in a research report on Monday, December 29th. 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”.

Sono-Tek Stock Down 1.0%

The business has a 50-day simple moving average of $4.15 and a 200-day simple moving average of $4.07. The company has a market cap of $62.68 million, a PE ratio of 39.90 and a beta of -0.32.

Sono-Tek (NASDAQ:SOTK) last issued its quarterly earnings data on Tuesday, January 13th. The industrial products company reported $0.02 earnings per share for the quarter, missing analysts’ consensus estimates of $0.03 by ($0.01). The firm had revenue of $5.00 million during the quarter, compared to analyst estimates of $5.25 million. Sono-Tek had a net margin of 7.72% and a return on equity of 8.54%. As a group, equities research analysts predict that Sono-Tek Corporation will post 0.07 EPS for the current fiscal year.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently made changes to their positions in SOTK. Dimensional Fund Advisors LP grew its holdings in shares of Sono-Tek by 29.8% in the third quarter. Dimensional Fund Advisors LP now owns 18,773 shares of the industrial products company’s stock valued at $84,000 after purchasing an additional 4,305 shares in the last quarter. Susquehanna International Group LLP boosted its position in Sono-Tek by 28.2% in the 3rd quarter. Susquehanna International Group LLP now owns 15,410 shares of the industrial products company’s stock valued at $69,000 after buying an additional 3,389 shares during the period. HM Payson & Co. acquired a new position in shares of Sono-Tek in the fourth quarter worth $89,000. Renaissance Technologies LLC raised its stake in shares of Sono-Tek by 62.6% in the fourth quarter. Renaissance Technologies LLC now owns 62,939 shares of the industrial products company’s stock valued at $260,000 after acquiring an additional 24,239 shares in the last quarter. Finally, Bard Associates Inc. boosted its holdings in Sono-Tek by 7.0% in 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. Hedge funds and other institutional investors own 47.89% of the company’s stock.

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.