Insider Selling: Sono-Tek Co. (OTCMKTS:SOTK) VP Sells 5,500 Shares of Stock

Sono-Tek Co. (OTCMKTS:SOTK) VP Robb William Engle sold 5,500 shares of the business’s stock in a transaction dated Thursday, January 13th. The stock was sold at an average price of $8.23, for a total value of $45,265.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website.

OTCMKTS SOTK traded up $0.32 on Friday, hitting $8.62. 61,858 shares of the stock traded hands, compared to its average volume of 48,116. The stock has a 50-day moving average of $7.00 and a 200 day moving average of $5.00. Sono-Tek Co. has a twelve month low of $2.67 and a twelve month high of $9.49. The company has a market capitalization of $133.98 million, a P/E ratio of 57.47, a price-to-earnings-growth ratio of 9.94 and a beta of 0.04.

Sono-Tek (OTCMKTS:SOTK) last announced its quarterly earnings data on Wednesday, January 12th. The industrial products company reported $0.02 earnings per share (EPS) for the quarter, meeting the Thomson Reuters’ consensus estimate of $0.02. Sono-Tek had a return on equity of 12.03% and a net margin of 15.04%. Research analysts expect that Sono-Tek Co. will post 0.07 earnings per share for the current year.

Separately, Zacks Investment Research cut Sono-Tek from a “buy” rating to a “hold” rating in a research note on Wednesday, December 15th.

A number of hedge funds and other institutional investors have recently made changes to their positions in SOTK. Focused Wealth Management Inc acquired a new stake in Sono-Tek during the third quarter valued at approximately $61,000. Peak Financial Advisors LLC acquired a new stake in Sono-Tek during the third quarter valued at approximately $82,000. First Republic Investment Management Inc. acquired a new stake in Sono-Tek during the third quarter valued at approximately $175,000. Benin Management CORP acquired a new stake in Sono-Tek during the third quarter valued at approximately $213,000. Finally, ARS Investment Partners LLC acquired a new stake in shares of Sono-Tek during the 3rd quarter worth approximately $333,000. Hedge funds and other institutional investors own 2.12% of the company’s stock.

About Sono-Tek

Sono-Tek Corp. engages in the design and manufacture of ultrasonic coating systems. The firm also provides patented nozzles and generators for manufacturers equipment. Its products categories include electronics, energy, medical, glass, food, textiles, nanotechnology, and industrial. The company was founded by Harvey L.

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Insider Buying and Selling by Quarter for Sono-Tek (OTCMKTS:SOTK)

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