Sono-Tek (NASDAQ:SOTK) Director Christopher Coccio Sells 4,312 Shares of Stock

Sono-Tek Corporation (NASDAQ:SOTK) Director Christopher Coccio sold 4,312 shares of the company’s stock in a transaction on Tuesday, October 21st. The stock was sold at an average price of $4.66, for a total transaction of $20,093.92. Following the transaction, the director owned 321,767 shares of the company’s stock, valued at approximately $1,499,434.22. The trade was a 1.32% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link.

Sono-Tek Stock Performance

Shares of Sono-Tek stock opened at $4.59 on Friday. The company has a market cap of $72.11 million, a P/E ratio of 45.90 and a beta of -0.21. Sono-Tek Corporation has a one year low of $3.23 and a one year high of $6.05. The firm has a fifty day moving average of $3.97 and a two-hundred day moving average of $3.78.

Sono-Tek (NASDAQ:SOTK) last announced its quarterly earnings data on Tuesday, October 14th. The industrial products company reported $0.03 EPS for the quarter, topping analysts’ consensus estimates of $0.02 by $0.01. The company had revenue of $5.16 million during the quarter, compared to the consensus estimate of $5.25 million. Sono-Tek had a net margin of 7.33% and a return on equity of 8.38%. During the same quarter in the prior year, the firm earned $0.02 EPS. As a group, equities analysts predict that Sono-Tek Corporation will post 0.07 earnings per share for the current year.

Wall Street Analysts Forecast Growth

SOTK has been the subject of a number of analyst reports. Zacks Research upgraded shares of Sono-Tek from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, October 14th. Weiss Ratings restated a “sell (d+)” rating on shares of Sono-Tek in a research report on Wednesday, October 8th. One investment analyst has rated the stock with a Strong Buy rating, two have given a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and an average price target of $7.50.

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.